History Of Kodak Moment Fades
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Posted On - 2012-01-24
Filed Under - History
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Eastman Kodak Co, the photography icon that invented the hand-held camera filed for bankruptcy protection. Some key events in the history of the company that brought photography to the masses.
In 1881, George Eastman and businessman Henry Strong form a partnership called the Eastman Dry Plate Company. The name Kodak is born and the Kodak camera is placed on the market, with the slogan: "You Press The Button - We Do The Rest."
In 1896 - the 100,000th Kodak camera is manufactured and the pocket Kodak camera sold for $5 and in 1900 the Brownie camera is introduced which sells for $1.
In 1929 - Kodak introduces its first motion picture film designed for making movies with sound tracks.
In 1932 - George Eastman, suffering from a painful spinal disorder, commits suicide with a bullet to the heart. He leaves a note that says: "My work is done. Why wait?"
In 1975 - Kodak invents the world's first digital camera, a toaster-sized image sensor that captured rough hues of black and white.
In 1997 - Kodak stock touches all-time high of $94.38 and closes at $0.55 on 18th January, 2012, on the New York Stock Exchange.
By the end 2010, Kodak has equivalent of 18,800 full-time employees. Its digital camera market share has falls to 7 per cent, ranking seventh behind Canon Inc, Sony Corp, Nikon Corp.
In 2012 - Kodak files a lawsuit against Apple Inc accusing it of infringing four patents related to digital camera images. Kodak later also files patent infringement suits against Fujifilm Holdings Corp and Samsung Electronics Co Ltd.
In Jan 19, 2012 - Kodak files for Chapter 11 bankruptcy protection with the US bankruptcy court in Manhattan.
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