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Thread: Kodak sells ISS

  1. #1
    Super Duper
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    Exclamation Kodak sells ISS

    http://www.4-traders.com/EASTMAN-KOD...uity-13878850/

    Hope things continue alright for Leica.
    Kind regards.
    Bart ...

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    Re: Kodak sells ISS

    Leica, Hasselblad and Pentax.
    Really don't like the wording of the press release, or the sound of 'Platinum Equity'.

    "Kodak has previously communicated that it would sell assets that are not central to its transformation to a profitable, sustainable digital company. This sale is aligned with that strategy to generate cash to complete the transformation."

    And Kodak just announced a new sensor a few days ago too, but I guess sensors were really preventing them from becoming a digital company.

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    Re: Kodak sells ISS

    Yet written into the deal is that Kodak have access to sensors in the future. This is good news, it means the sensor division, which is much bigger than simply providing sensors to traditional camera makers, will continue even if Kodak completely collapse (which they won't). And with fresh investment rather than penny pinching it should go from strength to strength.

    Steve

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    Re: Kodak sells ISS

    Best outcome all round. Platinum Equity would have no interest in wasting money on a business only to see it fail. But if things don't work out, Hasselblad already use Dalsa sensors in the H4D-60 - sensible diversification that no doubt could be extended further.
    Quentin Bargate
    Director of Bargate Murray, Law Firm of the Year 2012 - 2017, ”leading individual”, Chambers HNW guide, 2017, Photographer

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    Re: Kodak sells ISS

    Somehow I doubt that the sensor won't be the first to fail. Many Canon 1Ds released in 2001 are still going strong after 10 years. When it finally dies, you can kiss the camera good bye. The fact that the sensor company is still there is irrelevant: they can't make a run of an old design for 1 or 2 products.

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