<p>The photography pioneer emerged this week from bankruptcy to pursue profitability in the tech sector, with a primary focus on imaging for business. Kodak 's mission now is to leverage its well-known brand-name, its growing portfolio of B2B products, and its extensive R&D experience.</p><p>Over its 130-year history, the iconic company name became so synonymous with photography that "a Kodak moment" is still another way of saying an experience is camera-worthy. But business and profitability took a turn for the worse when digital cameras began to replace traditional film and cameras.</p><p>Although Kodak produced the first digital camera, the industry shift to digital imagery took a toll, leaving the company financially challenged over the past two decades, and eventually leading Kodak to file a $6.75 billion bankruptcy in January 2012.</p><p>On Tuesday, the bankruptcy cloud was finally lifted, as a bankruptcy court in New York approved Kodak's plan for its new life. Judge Allan Gropper said in a statement that "it will be enormously valuable for the company to get out of Chapter 11 and hopefully begin to regain its position in the pantheon of American business."</p><p><a href="http://www.cio-today.com/story.xhtml?story_id=0230024HN0VM">Keep reading...</a></p>
