Comment Re:So, like Seiko, Kodak devised their own demise (Score 1) 28
Kodak's biggest problem was not the digital camera, but their heritage in the chemical industry. Each industry moves at its own pace, and progress in chemical engineering (in which Kodak really excelled) was measured in decades and not in years or months. Then digital sensors came about, and all of a sudden they found themselves in the middle of Moore's law, which was alien to them and which they refused to acknowledge as something relevant to them.
Result: despite being the predominant maker of professional digital cameras (think DCS520/720) they completely misjudged progress in this field. They thought "digital will hit consumer space around 2010" and in the late nineties they invested in a huge coating facility. Less than 10 years later analog was mostly relegated to an artistic medium, and their brand new coating facility could have coated the whole world's annual demand in a few weeks.