With today's announcement by Kodak that their fourth quarter "digital revenue" was up 12% you now see why they needed to sell OLED. It essentially bought senior management another year. The reason people didn't understand this move is because they weren't thinking like Kodak senior management. It's not about the future of Kodak. It's about the future of their careers... which only has to be a few more years. This move was much like you selling your furniture to pay your mortgage in order to get another loan from your bank Notice at mid day, Kodak stock is up 17% so someone bought it !!
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With today's announcement by Kodak that their fourth quarter "digital revenue" was up 12% you now see why they needed to sell OLED. It essentially bought senior management another year. The reason people didn't understand this move is because they weren't thinking like Kodak senior management. It's not about the future of Kodak. It's about the future of their careers... which only has to be a few more years. This move was much like you selling your furniture to pay your mortgage in order to get another loan from your bank Notice at mid day, Kodak stock is up 17% so someone bought it !!