Monday, October 1, 2012

Kodak dropping out of the consumer inkjet printer business in 2013

Kodak dropping out of the consumer inkjet printer business in 2013

More gloomy news from Kodak: the company just announced that it will stop selling consumer inkjet printers in 2013 and instead focus its efforts on commercial printing products. This decision hardly comes as a surprise: Kodak filed for Chapter 11 bankruptcy earlier this year and attempted to auction off a stockpile of patents valued at up to $2.6 billion. The company stated on Friday that it expects to take a $90 million hit due to its floundering inkjet business.

Engadget , Kodak dropping out of the consumer inkjet printer business in 2013, Kodak dropping out of the consumer inkjet printer business in 2013

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