Rochester, N.Y.—Eastman Kodak Co., which has struggled to shift from consumer photography to b-to-b digital printing and marketing, is preparing for a possible bankruptcy filing, according to reports.
According to The Wall Street Journal
and others, Kodak may file for Chapter 11 bankruptcy protection this month or in February if it fails to raise money by selling off portions of its patent portfolio.
Kodak, which recently introduced a personalized digital print process, work-flow software and a consultancy to develop, execute and measure b-to-b multichannel campaigns, lost $222 million
in its fiscal third quarter.