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Post by jacksonhole1965 on Sept 10, 2012 21:49:40 GMT -5
I think that Kodak may have released this news today as a fair warning to there employees. That is when a good patent sale number is released on wednesday they are not given false hope that their jobs are secure. I also hope everbody noticed how in the urinal article it stated the initial bids. This looks to me like they are still in the dark and winging it. Still long and strong my brothers!
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Post by mikewestveer on Sept 10, 2012 21:52:21 GMT -5
Today was a signal to the wise,
and that is why the MM's moved in.
They've played this game a long time.
They will make beaucoup bucks this week,
as will the longs.
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Post by Marriott on Sept 10, 2012 21:57:40 GMT -5
" and that is why the MM's moved in. "
Mike:
Then logic and I look forward to seeing the PPS rise !
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Post by proforkodak on Sept 10, 2012 22:20:02 GMT -5
It was CRYSTAL to me when I looked at the CORPORATE cost structure compared to the remaining businesses that will generate appx. $2.2 billion to $2.8 billion ( lower is core, higher includes commercial film and consumer printer) that a lot more costs had to be cut.
The interim CFO is KEY to accomplishing part of this job.
Getting rid of DEAD old management wood like Faraci should have happened years ago.
Perez is NEXT!
It does not really matter how much Kodak sells the DI patents for, Kodak MUST have a cost structure that is appropriate for its revenue base.
$1 billion, $2, billion, $3 billion, or more for the patents has NOTHING to do with cost structure of Kodak.
IF Kodak does NOT have realistic cost structure then they would just burn through the cash.
There are NO more sacred cows at Kodak anymore.
The BOD has put on their FULL METAL JACKETS.
If employees are NOT directly responsible for the well being and/or growth of the commercial print, functional print, and packaging, they will NOT be at Kodak long term.
The BOD knows a LOT more about the VALUE of Kodak shares than Kid/MORON!!!
The BOD has given the FINAL order: CUT until Kodak gushes PROFITS!!!
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