Polaroid has today announced that, "U.S. Bankruptcy Court has approved procedures for the proposed sale of its business to an investor group led by One Equity Partners -- the private equity arm of Bank One Corporation) - or to a bidder with a higher or better offer. The court has set Friday, June 28, 2002, for a final hearing on the sale." They go on to say, "This is an important milestone in our plan to emerge from Chapter 11. We remain committed to securing a strong buyer for the company to maximize value for our creditors and to create a new beginning for Polaroid as an ongoing business."
Press release 7/May:
Court Sets Polaroid Sale Hearing for June 28, 2002
CAMBRIDGE, Mass., -- May 7, 2002 - Polaroid Corporation announced today that the U.S. Bankruptcy Court has approved procedures for the proposed sale of its business to an investor group led by One Equity Partners -- the private equity arm of Bank One Corporation (NYSE: ONE) - or to a bidder with a higher or better offer. The court has set Friday, June 28, 2002, for a final hearing on the sale.
Gary T. DiCamillo, Polaroid chairman and chief executive officer, said, "This is an important milestone in our plan to emerge from Chapter 11. We remain committed to securing a strong buyer for the company to maximize value for our creditors and to create a new beginning for Polaroid as an ongoing business."
DiCamillo to Leave Polaroid Corporation For CEO Appointment at TAC Worldwide
CAMBRIDGE, Mass., -- May 8, 2002 -- Polaroid Corporation announced today that Gary T. DiCamillo, chairman and chief executive officer, will resign effective July 1, 2002 to become president and chief executive officer of TAC Worldwide Companies, based in Dedham. He will continue in his position at Polaroid until that date, and then remain as a member of the Polaroid board of directors.
DiCamillo said, "I feel a responsibility to see Polaroid through this crucial period of its reorganization and to help prepare the company to emerge from Chapter 11 as an independent company ready for new ownership and new growth opportunities. This is a time of new beginnings both for Polaroid and for me personally as I assume the job of CEO at TAC Worldwide, one of the largest private corporations in the United States.
"I will leave with sincere thanks to the strong management team at Polaroid, to the many employees with whom I have been privileged to work, and to a loyal and independent board of directors," he said.
DiCamillo joined Polaroid as chairman and chief executive officer in October 1995. Prior to that, he served as group vice president of the Black & Decker Corporation and president of Worldwide Power Tools and Accessories.
Board member Alfred M. Zeien, retired chairman and chief executive officer of The Gillette Company, said, "We have been fortunate to have Gary remain to guide the company over this long, difficult period."
Another member of the board, John W. Loose, former president and chief executive officer of Corning Incorporated, said, "Gary has been steadfast in fulfilling the Board's wishes that he remain CEO. He has earned our gratitude, and we wish him only good things in the future."
Sal Balsamo, founder of TAC and co-chairman of the company's board of directors, stated, "To attract someone of Gary DiCamillo's professional and personal excellence to head our company is indeed our good fortune. Gary's leadership expertise, as well as his abundantly fine character, will provide TAC with steadiness and strength as we move forward in years to come."
|Dirt Hose by poppyjk|
|European bee-eaters by drvanger|
from A Big Year - birds
|Fat Is Beautiful Guinea 2008 DP by MarioSS|
from - Fat is Beautiful - (Woman's Portrait n Black and White+ A Border)
If you had to choose one camera to bring along for the ultimate West coast road trip, what would it be? DPR's Sam Spencer choose the X100F. Read more
The a9 boasts impressive capability. As more examples of it in practice pour in, Sony's claims hold up. Watch the a9 track and maintain focus on a rapidly approaching basketball.
Last week, more than a million tonnes of Californian coastline slid into the ocean, taking part of Highway 1 with it. Check out the remodeling in photos taken before and after the landslide.
Even after eighteen months of reviewing the latest, greatest, shiniest and must-buy-me-est new gear, DPReview staffer Carey Rose has continued to use older DSLR cameras for his freelance work. But now, that might be changing. Read more
Sony is the world's leading mirrorless camera brand but remains third for ILCs overall, it's said in a presentation to investors. A focus on high value cameras and lenses should boost operating income, it says. Read more
It's nicknamed the 'Cycloptic Mustard Monster,' and is a 3D printed medium format camera. Read more
The new NanGuang LED lights are battery powered and come with accessories including filters and diffusers.
Have you been telling yourself, "Hey, I really need one of those 8K displays?" A video about Dell's new 8K monitor shows you what to expect. Is it really that much better?
Tamara Lackey, a Nikon ambassador USA and pro shooter, discusses embracing self-consciousness as a means of connecting with subjects.
There's a new Spiderman movie coming out and the poster been generating a lot of online chatter. Mostly about how it looks like the creation of a fevered teenager that just discovered Photoshop.
An honest defense of the system's merits, with photos as proof.
Copyright disputes are no fun at all. 'Binded' is a new startup that aims to simplify the process of registering - and enforcing - copyright for photographers. Read more
Not everyone wants to pay a premium for a long zoom camera. Thankfully, there are many reasonably priced cameras available, though they won't offer the same image quality as enthusiast models. In this updated roundup we look at big zoom cameras with more consumer-friendly price tags. Read more
Think Tank Photo has updated two of its popular bag lines with improvements to functionality. Read more
We’ve all seen Bob Jackson’s Pulitzer Prize winning photo, but there's another.
The sample footage looks good.
It will automatically pick the best camera settings depending on shooting conditions. It even promises enhanced functionality for your camera, like exposure and focus stacking. It already supports many cameras from Canon, Fuji, Nikon and Sony. Read more
As if $13,950 wasn’t enough to pay for a special edition lens, the Leica Store in San Francisco is offering a prototype of said lens for $24,995. Read more
Make those old photos disappear without deleting them forever.
Firmware updates enable 10 fps shooting with adapted A-mount lenses, and faster startup times and better compatibility for 20 fps shooting when using native lenses on the a9.
Fujifilm has released firmware updates for its camera models X-T2, X-Pro2, GFX 50s, X-T20, X100F and X-T1 and updates to three of its software products.
A 22 year-old Romanian photographer uses his DJI Phantom 4 drone to capture unique perspectives of the city where he now lives.
What's it like to ride the waves with champion surfer Kelly Slater? This VR video from Teton Gravity Research gives you a taste.
When Nikon released the full-frame D3 in 2007, it changed the professional photography industry. In this week's Throwback Thursday, Barney remembers a legend. Read more
The new stuff should have better red hues, improved sensitivity and finer grain - but don't worry - will still shift blues to green, greens to purple and yellows to pink.
Ricoh has introduced a new rugged compact camera with a 16MP CMOS sensor, 28-140mm lens, 2.7" LCD and built-in LED macro lights. Read more
This compact drone can shoot HD video using a 2-axis stabilized 12MP camera. Read more
The new Prynt Pocket can print a photo directly from their iPhone simply by inserting the phone into the printer, then snapping a photo. Each print will cost about 50 cents. Read more
Updates for Adobe Camera Raw and Lightroom CC bring support for the Sony A9 and Panasonic ZS70/TZ90, along with bug fixes.
The Triggertrap remote camera control system is no longer sold due to the company folding, but now users will be able to build their own. Read more