The second big piece of news from last week regards Kodak and the company's on going financial troubles. Since August last year Kodak has been looking for some Personal Imaging and Document Imaging divisions. The Personal Imaging division includes camera film and photographic papers, while Document Imaging includes scanners.
There is a lot of detail regarding the specific financials of the deal between the Eastman Kodak company and U.K. Kodak Pension Plan (KPP), which, to be honest, is pretty dull. However the quote below from Steven Ross, Chairman of KPP should give some relief to those who still use Kodak films and papers.
“The businesses that we are acquiring will deliver long-term cash flows to support the plan’s obligations. The financial stability that KPP will provide for the Personalized Imaging and Document Imaging businesses will be beneficial to those businesses’ employees, customers and partners.”