Eastman Kodak

Eastman Kodak is projected to post a $600 million dollar loss for 2011 and 2012 doesn't look much better.  The once perennial camera company is fighting for it's economic life and experts predict it won't make it another year. The company said last week it may have to take on more debt or sell a large chunk of its patents in order to survive the next 12 months...

Historically, changing technology has left many innovative companies in the dark as progress marches on;  It appears that this fate might be waiting for the Kodak film company. Eastman Kodak (EK) has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, The Wall Street Journal reported this afternoon...