Kodak bankrupt?

Kodak, perhaps the photography company, appears to have filed for bankruptcy.

It seems to be something of a representative for the state of the non-digital photography market, which looks pretty much dead except for a few limited areas.

In recent years they seem to have sold off much of the research and development and focused on the hyper-competitive desktop inkjet printer market instead. (Although the reasons for this decision still remain a mystery to me)

I remember having a kodak camera with kodak film, that got photos printed on kodak photo paper, but I guess people a bit younger than me might never have even seen a roll of film, nor for that matter a kodak camera.

It’s sad to see this happen to such an iconic company and I hope that things don’t turn out badly for the employees.