They didn't entirely have their heads in the sand. --They invented the world's first digital camera Source: http://petapixel.com/2010/08/05/the-worlds-first-

They didn't entirely have their heads in the sand. --They invented the world's first digital camera Source: http://petapixel.com/2010/08/05/the-worlds-first-digital-camera-by-kodak-and-steve-sasson/ http://petapixel.com/2010/08/05/the-worlds-first-digital-cam... -- They developed a massive patent portfolio including many digital photography patents that had an estimated value of $1.8 to $4.5 billion at the time of their Chapter 11 filing (read the article if you're interested for why it got sold for far less - it's fascinating) Source: http://spectrum.ieee.org/at-work/innovation/the-lowballing-of-kodaks-patent-portfolio http://spectrum.ieee.org/at-work/innovation/the-lowballing-o...