Kodak puts flexo business up for sale

[gordo]

Lots of corporate bafflegab but the bottom line is Kodak seeks to sell of its flexo business because its doing well and hence has value:

https://tinyurl.com/ychshvfj

Selling off their key money making "growth engine" to pay off some debt while holding on to the product lines that aren't doing so well is an interesting strategy. Mentioned also is that Kodak is apparently considering selling off its Prinergy workflow. Hmmm

 

[Green Printer]

Morons!!!

 

[gordo]

Morons!!!

Why beat around the bush with your comment? Just tell us what you think! LOL

 

[MacTwidget]

I'm speechless.
Is selling off NexPress in the future?
George Eastman must be rolling in his grave (technically he was cremated).

 

[gordo]

I'm speechless.
Is selling off NexPress in the future?
George Eastman must be rolling in his grave (technically he was cremated).

I believe that Kodak has already sold off its digital imaging patents - which I assume would include nexpress’ imagin tech: https://phys.org/news/2012-12-kodak-525m-patent-sale.html

 

[Mark]

I'd be happy to take over as CEO for at half the going rate. I'm sure I could not do any worse.

 

[CTmang]

I'd be happy to take over as CEO for at half the going rate. I'm sure I could not do any worse.

And receive HUGE bonuses to boot!

 

[Stephen Marsh]

There are obviously obligations from entering Chapter 11 protection… The piper must be paid!