Monday, December 22, 2014

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Kodak Holds Panel Discussion With Former Employees

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Rochester: Kodak Holds Panel Discussion With Former Employees
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Past employees of Kodak attended a panel discussion Thursday about the company's path to emerging from bankruptcy.

The business update allowed employees time for a question and answer with Antonio Perez and other Kodak executives.

Employees asked questions regarding progress reports for the bankruptcy, the patent sale, the consumer business, and the document imaging sale.

Kodak has to fulfill three terms of a financing offer before they emerge from bankruptcy.

"They are going to be a smaller company," said Brennan Redmond, vice president of Brighton Securities. "We think that the revenues of Kodak were about $5 billion before they entered bankruptcy. When they emerge, they will be somewhere in the $2, $2.5 billion dollar range."

Redmond says if Kodak emerges from bankruptcy, it will be a commercial printing and imaging solutions company, but will likely keep its name. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP