The inventor of the digital camera, Kodak, is now leaving the camera business, reports Reuters.
Kodak, which filed for bankruptcy protection last month, said on Thursday that getting out of cameras would result in "significant" job losses. Most of the 400 people in that business are based in Rochester, New York, and work in research and development and marketing.
Instead of designing its own cameras, Kodak will now try to license its brand to other camera makers, several of which have already expressed "significant interest," said spokesman Christopher Veronda.
Kodak, which as recently as 2006 was one of the top three digital camera makers in the world, will stick with its desktop printer business, on which it has focused more recently.
Photo by Michael Spencer