Eastman Kodak Company (“Kodak”) announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York. The Company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011. Kodak has obtained a fully-committed, $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup to enhance...
You Are Browsing ‘Tech’ Category
eBay, an e-commerce conglomerate announced that it increased it 2011 revenue by 25 percent and made a expectation break record revenue of $11.7 billion. The company generated its net income on GAAP basis of $3.2 billion and $2.7 billion in non-GAAP net income for the full year. The report confirms the company earning closed out at $3.4 billion in revenue during the Q4. “We had a strong fourth quarter finish to an excellent year, increasing our confidence in our three-year outlook,” said eBay Inc. President and CEO John...
In wake of SOPA and PIPA protest, we have seen a lot of ups and downs from the last many days, protest comments all around. On January 18 – the day we termed it as “Internet Blackout Day”, through the different websites mediums, we have come across the real shape of the protest we are into in it. According to different websites medium, the petition numbers...
Samsung Group, south-Korean’s biggest business conglomerate group, announced that it would invest $41.4 billion in 2012 on new technologies, research and development, mergers and acquisitions and building new facilities, told reporters. Analysts strongly expect that company will raise its investment bar in mobile chips and next-generation OLED (organic light emitting...
A group of Israeli hackers brought down the Saudi Arabia Stock Exchange and the Abu Dhabi Securities Exchange websites, Haaretz, Israeli newspaper reported. The group, which is known by the name IDF-Team, was able to paralyze the Saudi stock exchange site resulting in causing delays on the UAE site. The attack came in return to a Saudi hackers “nightmare group”...
Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA) today i.e. “January 18” finally results into a black out day for many technology companies. The list includes the companies – BoingBoing, Wikipedia, Reddit, I Can Has CheezeBurger, WordPress, Mozilla, TwitPic, Minecraft and many others. Wikipedia isn’t the only company shutting down its digital...
Code 42 Software, a Minnesota-based online backup company, which is known well for the popular PC backup service Crashplan, has raised $52.5 million in investment led by Accel Partners with Split Rock Partners. Accel Partners and Split Rock Partners do holds now a minority stake in the company. Code 42 has been doing Crashplan since from 2007. The point then was...
Samsung, a multinational south-Korean conglomerate company, announced earlier that it plans to merge its Bada OS with Intel backed Tizen project. Tizen, which is expected to launch by next month at Mobile World Congress, in Barcelona, will run the apps written for bada OS, if the move went successful. Tizen is a successor to MeeGo platform. “Samsung and other members...
Wikipedia, an online collaborative, multilingual Internet encyclopaedia, as we stated earlier, goes offline today for its English users to protest against the Stop Online Piracy Act (SOPA). The announcement was made yesterday by foundation’s co-founder Jimmy Wales through the series of tweets. Wikipedia join the protest with other major websites, including the popular...
iPhone – Almost every other face is holding it. Well almost everyone does. It seems those who don’t have the one are either thinking that some good scheme knocks their door or something else happens. Either way, they would have one if they could. Have you ever wondered having the iPhone may identify your “iPhone owner type” – yes I am talking about owner...
