Kodak fell victim to disruptive technology

1995 - Adamant silver halide still had a place 1997 - Value at $94.25/share Oct 2011 - value at $0.78/share 2009 -> 2011 - negative cashflow, while Fuji has positive

Fuji sales down 8%, kodak down by ~50% Fuji earnings down 20%, kodak hasn’t made profit since 2007