Tuesday, October 21, 2014

Follow us:
Follow us on Facebook Follow us on Twitter Subscribe to this news feed 

News

Western NY

Kodak Holds Panel Discussion With Former Employees

  • Text size: + -
Rochester: Kodak Holds Panel Discussion With Former Employees
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

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.

10.11.12.244 ClientIP: 54.82.31.133, 23.3.13.5 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP