Hacker News new | past | comments | ask | show | jobs | submit login

I live in Rochester, and have had the chance to speak with several people who worked for Kodak (and some still do) about this issue. The company has obscene profit margins from film, I've heard quotes of around 20% and higher, and there was a belief that film would always be around. However, many people within the company knew film had a limited lifespan and that with the advent of personal computers, it was only a matter of time before digital took over. They also knew there was no way Kodak was going to be able to make the same profit margins on digital as it did on film. With that in mind, it made it a hard sell to get leadership to really focus on the long term..



"The company has obscene profit margins from film, I've heard quotes of around 20%"

If you are talking gross margin that sounds closer to a marginally profitable product than "obscene."




Registration is open for Startup School 2019. Classes start July 22nd.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: