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VOL. 36 | NO. 34 | Friday, August 24, 2012
Kodak to sell imaging units, focus on printing
ROCHESTER, N.Y. (AP) — Kodak says it will sell its document imaging and personalized imaging businesses to better focus on printing and business services as it works to emerge from Chapter 11 bankruptcy protection.
Eastman Kodak Co. said Thursday that the sale of the units, along with cost-cutting measures and the auction of its patent portfolio, will help it emerge from bankruptcy sometime in 2013.
Kodak's document imaging division makes scanners and offers related software and services. The personalized imaging business includes photo paper and still camera film products. It also offers souvenir photo products at theme parks and other venues.
The storied photography pioneer filed for Chapter 11 bankruptcy protection in January. It has kept operating while it tries to sell its digital imaging patents. So far, it has not found buyers.