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.