Despite its recent strategy of "sue everybody for everything," Kodak has succumb to its financial pressures and filed for Chapter 11 business reorganization in New York. The iconic photography company isn't dead yet, however, just very broke.
Psystar—those guys who were pilfering software from the Hackintosh project to run Mac OS X in blah PC hardware—has filed for Chapter 11. Good riddance, is all I can say. Although this may be a shady legal strategy on their part.
Ever since Circuit City filed for bankruptcy protection in November, everyone has been wondering how long they would hang on. Today they clarified their present situation, indicating that liquidation is possible after January 16th.
Back in the day, some of us older codgers here at Gizmodo used to drop our jaws at whatever SGI would do. But now, Silicon Graphics Inc. has filed for Chapter 11 bankruptcy, and things aren't looking good for the once-dominant giant of the techno-mofo workstation industry. SGI will restructure in an attempt to keep…