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Not if you're Kodak and making film. Or, at least, the technology might have been obvious (they did have a hand in developing digital cameras), but the idea th
by sjm-lbm 8y ago
Not if you're Kodak and making film.
Or, at least, the technology might have been obvious (they did have a hand in developing digital cameras), but the idea that they should bet big on the new technology eventually replacing them evidently wasn't obvious.
- frankchn 8y agoIt is even worse than that for Kodak -- Steven Sasson actually created the first digital camera using a CCD sensor while working at Kodak [1] and Kodak owned the patent for a digital camera [2]. [1]: https://www.seattlepi.com/business/article/Kodak-engineer-had-revolutionary-idea-the-first-1182624.php https://www.seattlepi.com/business/article/Kodak-engineer-ha... [2]: https://patents.google.com/patent/US4131919 https://patents.google.com/patent/US4131919
- pfdietz 8y agoFor a company in Kodak's position, trying to reinvent themselves may not have been the best idea. Another possibility would have been to recognize that the basis for the company was going away and attempt to milk it for as much money as possible as it died. If this meant paying large dividends then shutting down or carving up the remnants of the company, so be it.