Kodak Alaris for Sale?

[pentaxuser]

I have heard from a Lab owner that they are going to release P3200 in 120.

Can the lab owner quote his source(executive person, Kodak written statement or similar)?. Was it clear to you why this lab owner was chosen to receive this important information or was it clear to you that beyond reasonable doubt Kodak chose to release this information to all its lab owners?

Thanks

pentaxuser

 

[MattKing]

That reference to P3200 in 120 is found in an internet interview with some of the Kodak Alaris people.
I can't remember where it is, but there are multiple references to it.

 

[pentaxuser]

Thanks Matt. So is there a definitive statement from an executive with the necessary "clout" that gives a statement on an intention ( a wish list) or a definite statement which states that the work has begun with a projected timeline?

Some Kodak executive whose name escapes me ( possibly because it was never mentioned) said or apparently said that Kodachrome was a definite possibility. My country, Scotland, lost against England 9-3 at soccer in 1961. It was the worse defeat against England we ever suffered. It is a definite possibility that one day we might return the compliment by beating England 9-3 but only definite in the sense that no-one can say it could never happen, however remote that possibility.

You will understand my scepticism about P3200 in 120 unless there is a statement which for reasons stated above can be read as a clear and unequivocal statement which can only be read one way

pentaxuser

 

[Arklatexian]

Noooooo!

We want someone else to make it for us.

And we want it CHEAP.
And we want it GOOD.
And we want to BITCH about it.
And we want it to LAST FOREVER.
And we don’t have anything to do with it.

That’s what we want.

+1

 

[abruzzi]

That reference to P3200 in 120 is found in an internet interview with some of the Kodak Alaris people.
I can't remember where it is, but there are multiple references to it.

It was the same interview where they said that they are workin on Ektachrome 120. They also mentioned Tmax3200 120 an almost an aside.

The interview is linked from this article:

https://petapixel.com/2019/01/29/kodak-ektachrome-coming-in-120-and-sheet-formats-this-year/

 

[MattKing]

Thanks abruzzi.
The detail in that Petapixel article regarding 120 and sheet film Ektachrome is consistent with the information that I have from other sources. The difference in substrates really matters - polyester is different in important ways from acetate.

 

[Paul Verizzo]

Picking up on some earlier comments, the health of the pension fund, which is not good, is not the same thing as the health of Alaris, which the fund owns.

The fact that Alaris has chosen to introduce quite a few old films in conjunction with their manufacturing divorcee Kodak USA indicates that they have faith in the future. And are probably making money from the division unless they want to lose money really fast by ramping up new production.

It would sure simplify things at the consumer level if they rewed in Rochester. Seeing as how the new, lean Kodak is going gangbusters, i.e., excellent management, I think it would be a good marriage.

 

[Photo Engineer]

Paul, do I rew in Rochester?

 

[Paul Verizzo]

Paul, do I rew in Rochester?

"rew" ?????

I figure you come out of retirement and make sure they do it right!

 

[MattKing]

It would sure simplify things at the consumer level if they rewed in Rochester.

"rewed" ?

 

[Photo Engineer]

"rew" ?????

I figure you come out of retirement and make sure they do it right!

Look at your previous post.

 

[trendland]

Folks Kodak Alaris isn't for sale ! Pls. remember this post if you want to speculate more in the direction you've done in this thread. It was funny to follow your speculation - but pls. it is time to stop it meanwhile...!

And PE - of course you will rew in Rochester (hope I don't mix vocabular here)!
Rew in the meaning of stay ! You may say in Rochester beside the Kodak facilitys.
The rest is from newsletters - that is comming from analysts who are not able (from Reputation) to find a job - so they are working for a newsletter!

with regards

 

[pentaxuser]

Thanks for the link to the comment by Church from KA on Tmax 120 but it stills seems somewhat vague in terms of time and the status of what level of work is currently being planned or attempted.

There is always the temptation in an interview, if that is what it was, for the interviewee to give the interviewer a warm and fuzzy feeling especially is the interviewee knows that it will not be the prelude for an attempt to put "real flesh on the bones" and drill down any further

Prime Minister Herbert Asquith who was the U.K. Prime Minster from 1908 -16 got away with difficult questions by taking a stern demeanour flavoured with just a hint of whimsy, by replying "Wait and see" In the days of deference to our "betters"

It seems that Church's answer, assuming that what we have was an accurate reflection of his answer, amounts to little more in terms of substance than Asquith's reply once you analyse it.

Just my thoughts

pentaxuser

 

[MattKing]

Ektachrome in 120 and sheet sizes is their immediate priority, and they appear to be working diligently (within their limited capabilities) to have that to market in 2019.
But they are working on other product additions/revivals.
They just don't have the resources that used to be there - after all, they no longer have the volumes that peaked at the equivalent of 3.4 million rolls per day.

 

[AgX]

Folks, Kodak Alaris isn't for sale !

This should be the end of this thread.

 

[mshchem]

I

Kodak should vanish. George Eastman had it right with his automatic pistol. .

I ordered a propack of Portra 400 120 last night. Life is good!

 

[mshchem]

I found this dated 28 March of 2019

https://www.pensionsage.com/pa/Koda...ssessment-biggest-scheme-to-enter-to-date.php

 

[AgX]

In that interview
"Approving the RAA was the right thing to do. The alternative was insolvency of the employer..."

 

[MattKing]

In that interview
"Approving the RAA was the right thing to do. The alternative was insolvency of the employer..."

You need to be careful of this wording, because it appears to me that it is the Pension Plan itself that is the sponsoring "employer", not Kodak Alaris.
That impression flows from:
"The trustees acquired a number of businesses from Eastman Kodak, grouped under the name of Kodak Alaris. As a result, the scheme’s sponsoring employer is a special purpose company with no trading assets, with Kodak Alaris instead being an asset of the scheme. "

The continued existence and operation of Kodak Alaris is implied by:
"Despite the UK scheme entering the PPF, Kodak Alaris continues to support a number of smaller DB schemes in Germany and around the world. The smaller DB global schemes are not related to the KPP2 scheme, which is the sole shareholder of Kodak Alaris, whereas Kodak Alaris is the sponsoring employer of the smaller DB schemes."

I take it that DB means Defined Benefit Pension.

 

[AgX]

Thank you. I wondered about that ambiguous wording "employer" myself.

 

[mshchem]

You need to be careful of this wording, because it appears to me that it is the Pension Plan itself that is the sponsoring "employer", not Kodak Alaris.
That impression flows from:
"The trustees acquired a number of businesses from Eastman Kodak, grouped under the name of Kodak Alaris. As a result, the scheme’s sponsoring employer is a special purpose company with no trading assets, with Kodak Alaris instead being an asset of the scheme. "

The continued existence and operation of Kodak Alaris is implied by:
"Despite the UK scheme entering the PPF, Kodak Alaris continues to support a number of smaller DB schemes in Germany and around the world. The smaller DB global schemes are not related to the KPP2 scheme, which is the sole shareholder of Kodak Alaris, whereas Kodak Alaris is the sponsoring employer of the smaller DB schemes."

I take it that DB means Defined Benefit Pension.

Matt,
What do you think this means in the near term? Kodak Alaris stated in their February update what sounded like a deal was likely to sell the paper, chemistry and film division. It seems that this action was expected . I'm just curious if this adds complexity to spinning off the film business?? Hopefully to a group with bigger and better plans
Best Regards Mike

 

[AgX]

I'm just curious if this adds complexity to spinning off the film business??

Is a sale of the film business in the grapevine too ??

 

[mshchem]

Is a sale of the film business in the grapevine too ??

I think just about everything that Alaris has is up for sale . Supposedly the color paper, processing and film (PPF) business sale has been in the works for sometime.

 

[Wallendo]

It is a shame that KA is not worth enough on the open market for the pension fund to just create an IPO. Hopefully the film/chemicals/paper portion of the business can remain intact and sell primarily EK films. I'd hate for an unscrupulous bidder to buy the company and sell rebranded chinese film as Tri-X.

Reading the quote from the fund managers is interesting as the British use the word "scheme" in a completely different way than the US. In the US, the word "scheme" almost always has the connotation of an illegal of otherwise nefarious plan. I wonder if the American meaning might be somewhat applicable as it seems, in my possibly uneducated opinion, that the pension fund payed way too much for the EK assets that became KA.

 

[trendland]

It is a shame that KA is not worth enough on the open market for the pension fund to just create an IPO. Hopefully the film/chemicals/paper portion of the business can remain intact and sell primarily EK films. I'd hate for an unscrupulous bidder to buy the company and sell rebranded chinese film as Tri-X.

Reading the quote from the fund managers is interesting as the British use the word "scheme" in a completely different way than the US. In the US, the word "scheme" almost always has the connotation of an illegal of otherwise nefarious plan. I wonder if the American meaning might be somewhat applicable as it seems, in my possibly uneducated opinion, that the pension fund payed way too much for the EK assets that became KA.

Wallendo - you are comming a bit late for the upcomming issues concerning EK!!!!
Have you the ability to wath the BBC News channels ? Have a look there was a press conference of Ilford around 13:00 GTM!

Ilford isn't any longer a company of Harmann! It belongs to Eastmen Kodak! There obviously was a TV news yesterday in the US! D.T. made a deal for Kodak - they are inside a state financial guarantee of several billions! (No insolvency - if you want to see google it)!

Wow Ilford Films made in GB with Kodak Logo !

with regards

PS : Incredible!!!!