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Kodak Lagging in Digital World
mattmcal writes "Wired reports on the Kodak's struggle to survive and Mark Glaser comments on their demise at The Industry Standard saying that Kodak failed to take digital photography seriously, or at least failed to find a way to successfully transform their business. The Photo Marketing Association reported that in 2003, digital cameras outsold analog. Kodak's stock has been hovering near its 20-year low. Finally, today, the Asian Business Times reports that billionaire Carl Icahn sold all his shares saying the current business model there doesn't work."
I have an old family friend that works as a chemist as Kodak and as i recall its been hard times for a while. For ages of course Kodak's bred and butter has been film and associated chemicals. With the masses switching and of course the long standing competition there is just less and less pie to go round.
Of course on the flip side Kodak does have some good r&d, and with the future of OLEDs and such there may yet be a future.
Properly stored original film negatives last decades, whereas digital media is gone in a blink of an eye when your harddrive/memory card breaks down or you accidentally erase your media.
Ahhh, but like all analog media, when it comes time to copy the originals in order to preserve them, you lose information. Plus, you need a lot of room, and a controlled environment in order to really take care of film.
With digital, just keep multiple copies, and dup them, with no generation loss, as each new high-density storage media comes out.
I'm not saying digital is better - just that you're not using the benefits of digital to your advantage. Besides, it's kind of hard to erase write only media (ie, CD-Rs or WORMs, if you're really paranoid.)
Ironically, Kodak recently came out with a write-once storage unit for digital information (meant to safeguard data against tampering, by generating a read-only version) by using film...