6. Eastman Kodak
6. Eastman Kodak
Fortune 500 rank: 408
2011 revenue: $6.0 billion
10-year annualized return: -30.1%
Ticker: EKDKQ
Up until the digital era, this 131-year-old photography company symbolized American innovation. But the company failed to keep up with the rapid pace of technological change and after years of losses, Kodak filed for bankruptcy earlier this year.

Revenues at the Rochester, NY-based company peaked at nearly $16 billion in 1996, only to spiral to roughly half that in 2005 as consumers turned to digital cameras and smartphones that double as cameras. Executives tried to shift to modern commercial and consumer digital prints, but efforts weren't enough to dig it out of trouble. Since 2008, losses exceeded $1.76 billion. Kodak is now working on a reorganization plan, but it remains to be seen what kind of second chance it might get.


By Nin-Hai Tseng, writer and Shelley DuBois, writer-reporter @FortuneMagazine - Last updated May 07 2012: 10:56 AM ET
Join the Conversation
Most Popular
 
 
 
 
 
20 biggest stock gainers

Investors in these Fortune 500 companies saw handsome returns

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.