The saddest aspect of the Kodak story is that Kodak owned scores of digital patents.
In Rochester New York, they actually DID have a division developing digital photography patents...but MBAs in the c-suite decided this division was the redheaded stepchild of the company...instead of being the company's future.
They were making too much money off film at the time -- the MBAs argued -- so they held back on introducing the digital stuff because they wanted another year...and another year after that...of selling the film products. They could have been the industry leader into the digital age, but they did not want to be the ones to pull the lever to bring the end to film. So they just held back on all the digital tech they had developed...and allowed others to invent this stuff and put it into the market instead.
It was penny-wise and pound-foolish...because though they did end up getting a few more years of film sales, now the company will no longer exist.
They could have pulled the lever on digital products and completely reinvented the company...but their MBAs told them not to.
It's really very sad. Kodak did a lot of good in the city of Rochester. Lots of scholarships for kids to attend RIT and U of R and other schools with science-focuses. All of that is going away now too...because this company would not adapt and change when given the opportunity to do that.