Eastman Kodak Co said it plans to stop selling inkjet printers from 2013 as it winds down most of its consumer businesses and focuses on commercial printing.<\/p>\n
Printer makers are struggling with falling sales as companies cut costs and people increasingly use mobile devices to take snaps and share them digitally.<\/p>\n
Lexmark International Inc said last month that it will stop making inkjet printers and focus on its more profitable imaging and software businesses.<\/p>\n
Kodak, which has already shuttered its digital camera business, said on Friday it expects to incur a charge of $90 million related to the wind-down of the inkjet business.<\/p>\n
The company will, however, continue to sell ink to existing customers of inkjet printers.<\/p>\n
Kodak, which filed for bankruptcy earlier this year after struggling to adapt to the digital age, also said it received “significant interest” from suitors for its printing kiosks and scanner businesses.<\/p>\n
The company said it expects to cut 200 more jobs, adding to the 1,000 announced earlier this month. It has cut 2,700 jobs so far this year.<\/p>\n
Kodak, which once employed more than 60,000 people, expects to emerge from bankruptcy in 2013 as a much leaner company. The latest jobcuts will reduce its workforce to 13,100.<\/p>\n
The company said it was still in talks to sell its patents, estimated to be worth between $2.2 billion and $2.6 billion, and that it will submit a motion to a bankruptcy court to extend its right to file a reorganization plan until February 28, 2013.<\/p>\n
Kodak said earlier this month that it may abandon efforts to auction its 1,000 digital imaging patents, and instead set up a new licensing company to help repay creditors.<\/p>\n
According to media reports, Kodak received only sub-$500 million bids from investor groups, including Apple Inc and Google Inc.<\/p>\n
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