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George Eastman

An unhappy 'Kodak moment'

An unhappy 'Kodak moment'

The bankruptcy filing of Eastman Kodak Company this week marked the end of a chapter in American manufacturing history. The venerable corporation that gave the world the Brownie camera and the slogan "You push the button, we do the rest" once dominated the photographic world with its inexpensive cameras and amazing variety of amateur and professional films. But by the end of last year it was rapidly running out of cash, its market share had plunged, and its stock was selling for just 54 cents a share. The company found itself reduced to selling off its patents simply in order to stay afloat.

What happened? The short answer, of course, is the digital camera revolution....