BobaFett
Joined: Jan 06, 2004
Posts: > 500
From: Kamino (wish it would be Lund)
PM, WWW
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"BOSTON (AP) -- Polaroid is dropping the technology it pioneered long before digital photography rendered instant film obsolete to all but a few nostalgia buffs.
Polaroid is closing factories in Massachusetts, Mexico and the Netherlands and cutting 450 jobs as the brand synonymous with instant images focuses on ventures, such as a portable printer for images from cell phones and Polaroid-branded digital cameras, televisions and DVD players.
This year's closures will leave Polaroid with 150 employees at its Concord headquarters and a site in the nearby Boston suburb of Waltham, down from peak global employment of nearly 21,000 in 1978.
The company stopped making instant cameras over the past two years.
"We're trying to reinvent Polaroid so it lives on for the next 30 to 40 years," Tom Beaudoin, Polaroid's president, chief operating officer and chief financial officer, said in a phone interview Friday, after the company's plans were reported in The Boston Globe."
http://money.cnn.com/2008/02/[....]ompanies/polaroid.ap/index.htm
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Posted: 2008-02-09 06:24
