10 Feb '12, 12am

End of an era: Kodak, which invented the handheld camera and digital camera, will stop making cameras

NEW YORK - Eastman Kodak, the inventor of the digital camera, plans to get out of that business in the first half of the year as the bankrupt company looks to cut costs. The decision to stop selling digital cameras along with pocket video cameras and digital picture frames marks the end of an era for Kodak, which also invented the handheld camera. Kodak, which filed for bankruptcy protection last month, said yesterday that getting out of cameras would result in "significant" job losses. Most of the 400 people in that business are based in New York, and work in research and development and marketing. The news comes as Kodak meets obstacles in another cost-cutting move tied to its illustrious past. The company will be unable to end its 20-year sponsorship of the Hollywood Theatre that hosts the Academy Awards before this year's Oscars. Along with its reputation for making ea...

Full article: http://www.todayonline.com/TechandDigital/EDC120210-00001...

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