More gloomy news from Kodak: the company simply revealed that it will stop offering consumer inkjet printers in 2013 and instead concentrate its efforts on commercial printing items. This choice barely comes as a shock: Kodak filed for Chapter 11 bankruptcy earlier this year and attempted to auction off a stockpile of patents valued at up to $ 2.6 billion. The business specified on Friday that it anticipates to take a $ 90 million hit due to its floundering inkjet company. Kodak’s garage sale attracted interest from extremely unlikely alliances in the type of Apple and Microsoft versus Google and Samsung, but apparently only reeled in discouraging offers under the $ 500 million mark. Wishing to rebound next year as a “lean,” mean, successful machine, we’ll just need to wait and see what develops for this fallen photography frontrunner.

Continue reading Kodak dropping out of the customer inkjet printer company in 2013Filed under: PeripheralsKodak leaving

of the customer inkjet printer business in 2013 originally appeared on Engadget on Fri, 28 Sep 2012 15:50:00 EDT. Please see our terms for use of feeds. Permalink Fox Business|Kodak |. E-mail this|Opinions

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