Kodak preparing for Chapter 11 bankruptcy

http://www.theregister.co.uk/2012/01/05/kodak_chaper_11/

The Wall Street Journal reports that Kodak, a company was synonymous with photography during a good part of its 131 years of existence – it had a 90 percent share of US photo-film sales in 1976 – is preparing for Chapter 11 bankruptcy if it can’t make survival cash by selling off its patent portfolio, itself a pathetic last act for the once-mighty company.