With the slogan "you press the button, we do the rest," George Eastman put the first simple camera into the hands of a world of consumers in 1888. In so doing, he made a cumbersome and complicated process easy to use and accessible to nearly everyone.
Since that time, the Eastman Kodak Company has led the way with an abundance of new products and processes to make photography simpler, more useful and more enjoyable. In fact, In a long time Kodak has been known not only for photography, but also for images used in a variety of leisure, commercial, entertainment and scientific applications. The company has ever ranked as a premier multinational corporation, with a brand recognized in virtually every country around the world.Kodak operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG) and Film, Photofinishing and Entertainment Group (FPEG). In March 2011, the Company acquired Tokyo Ohka Kogyo Co., Ltd. In November 2011, it sold its Image Sensor Solutions (ISS) business to Platinum Equity. In January 2012, the Company sold its online photo service business to online photo publishing company Shutterfly Inc. at the price of $23.8 million and filed voluntary petitions for chapter 11 business reorganization in the United States Bankruptcy Court according to the Associated Press report.
The publishing company said Kodak Gallery has more than 75 million users. Those who don't want their photos transferred to Shutterfly can apply for withdrawal and get their photos through free downloads or buying DVDs from Kodak Gallery.
Shutterfly stock, which fell 45 cents to close Thursday at $26.91, climbed $3.79, or 14.1 percent, to $30.70 in aftermarket trading after the announcement and it will keep on going up according to the positive situation.
Source: http://www.hqew.net/events/news-article/2223.html
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