Pictures better than real life!

Recently, just across the lake in Rochester, NY Kodak laid-off 10,000 employees as part of their overall strategy to lay-off up to 25,000 in the near future. The obvious reason being the huge impact that digital photography has had on the company.

As I’m sure you know Kodak has been around for a long time and built their business in traditional photography business. Although somewhat slow to make the change to digital, they have certainly demonstrated a commitment to be a leader in the space, although the losses are still pretty dramatic.

Anyway, the reason for my post is on the Kodak easy share gallery site the opening statement is pretty amusing:

Tell you Story. Share your photos.
Get pictures that look even better than real life.
100% quality guaranteed.

I laughed when I read this. Pictures better than real life? What a joke. Seeing as Kodak is cutting and slashing, I'd suggest adding the moron behind this to the pile.

All for now...

Always know when to sell...and when to buy.

So…been quite a while since my last post on this blog. If you’re interested in what I’ve been up to outside of work you can always see on http://pain-is-weakness.blogspot.com/ .

Anyway, I came across an interview with Nathan Kaiser, CEO of Webshots in March of 2004. Shortly after this interview Webshots was acquired by CNET for $70M, but that’s not everything….

From www.paidcontent.com This is the craziest bit: the history of Webshots is very interesting: Webshots co-founders Andrew Laakmann, Narendra Rocherolle, and Nicholas Wilder sold the company to ExciteAtHome for $82.5 million in late 1999. Then, when the doomed broadband portal and access company went bankrupt, the founders back it bought from the bankruptcy court for $2.4 million in 2002. And now, they've flipped it again, for $70 million, to CNET, out of which $60 million is in cash.

These young guys (all of them in early and mid-30s) are brilliant, and crazily rich now...

Talk about making the right decision at the right time. I hadn't heard of these guys until now, but I have to say I’m impressed. I liked the interview, have a read…