10 February 2012
Kodak stops production of digital cameras to cut costs
ROCHESTER, NY—According to a recent story in the Globe and Mail, struggling former film giant Eastman Kodak will stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 to cut costs.

According to Wikipedia, in 1975 Kodak engineer Steven Sasson invented the first digital still camera. Kodak was also a pioneer in the early 90s, building commercially-available digital backs for Nikon SLR (single lens reflex) cameras.

Eastman Kodak filed for bankruptcy protection in January. Citigroup reportedly provided Kodak $950 million in financing to allow the company to continue operating through the bankruptcy. Kodak is looking to sell off its 1,100 digital patents in the meantime.
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