Nokia Unveils 41 Megapixel Camera Phone

Mobile phone giant Nokia on Monday unveiled a phone with a powerful 41 Megapixel camera as it attempts to reposition itself back at the forefront of the mobile market.

The phone is among a dazzling array of new gadgets unveiled so far at the Mobile World Congress in Barcelona, an annual event that showcases the industry’s latest innovations. Among them is a Chinese phone that claims to be the world’s fastest and another that carries an in-built projector.


The unrivaled camera capabilities of Nokia’s 808 PureView, which runs the company’s Symbian operating system, caused ripples of surprise among Congress delegates who predicted few surprises thanks to pre-event leaks and rumors. The 41 Megapixels put the phone in the same league — in terms of photo resolution — as professional cameras costing thousands of dollars. Reportedly priced at €450 ($600), the device is due to be released in May, with the camera technology likely to be carried over to other Nokia phones.

Nokia, which in recent years has seen its dominance of the global mobile market eroded by manufacturers such as Apple and BlackBerry, also launched a lower-cost version of its flagship Lumia phone range. The Nokia 610, priced at €189, runs on the mobile version of Microsoft’s Windows 7 operating system.

Source: CNN

Image: Pocket-lint

Eastman Kodak: Chapter 11 Bankruptcy Protection

Eastman Kodak, the once mighty icon of the photography industry, filed for Chapter 11 bankruptcy protection Thursday. The company said it has obtained $950 million in financing from Citibank to maintain operations. The company said the credit facility is still subject to court approval. Kodak said it has enough liquidity to continue operating during the bankruptcy process.

Kodak acknowledged, in its Chapter 11 filing, that it had more than 100,000 creditors, with debts totaling $6.75 billion. Kodak company also said that it had assets of $5.1 billion, with properties in Rochester, N.Y., Windsor, Colo. and Weatherford, Okla. Kodak’s top creditor is the Bank of New York Mellon in its role as trustee for other bondholders, with claims of more than $650 million. Other creditors include Sony, Nokia, WalMart, Target, Best Buy, Office Max, Disney Studios and CVS.

Kodak has long struggled to evolve its business design from film and compete in the digital age, even though it was an early pioneer of digital photography. For months, bankruptcy rumors have dogged the venerable company, which was founded by George Eastman in 1888.

In addition to licensing its technology, Kodak has been trying to develop its printing and digital camera business. The company also retired its traditional film brand Kodachrome in 2009, after 74 years. Amid its financial demise, Kodak’s stock has also suffered considerably. Shares tumbled almost 90% last year to penny stock status.

Kodak was delisted from the S&P 500 in December 2010, and was dropped from the Dow Jones industrial average in 2004.

 

Source: CNN

Image: Bajan Sun Online

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