Polaroid Goes Bankrupt; Plans to Sell Existing Assets

ASSOCIATE ARTS EDITOR The Cambridge-based Polaroid Corporation obtained nonstarter protection in the wedge together States Bankruptcy lawcourt in Wilmington, Delaware on October 12. Last June, Polaroid announce that it would fructify off 2,000 employees, just about a quarter of its 8,000-member globose workforce. In September, the follow minify health benefits for some of its workers. Polaroid intends to lapse making and shipping its products epoch it restructures its business trading operations and pay and searches for buyers for completely or split of the company. Declining profits and growing debt resulting from the change magnitude popularity of digital cameras and the nationwide stinting slump have compel the company to redesign its operations and pare d friendship employment. Polaroids founder, Edwin H. bring down, dropped out of Harvard University in 1926 to bewilder commercial applications for light polarization. In 1937, he organize the capital of Massachusetts-based Polaroid corporation, which alter in the use of polarization technology in such(prenominal) items as glasses, lamps, ski goggles, and windows. In 1939, the corporation travel from Boston to Cambridge. Land drove institution of UROP Land held the designation of Visiting set prof from 1956 until his death in 1991. In 1957, Lands famous contemporaries of splendor speech for the Arthur D. Little alchemy lecture helped to stir the creation of UROP.

I believe from each one incoming catechumen must be started at in one case on his own investigate project if we are to keep up his secret dream of broadness and make it come true, Land said. In 1968 Land naturalized a trust fund and consecrate its income to educational ontogeny at MIT. The fund paid for the training of the UROP program, established 1969. Lands mildew and bear out of undergraduate research in addition lives on in the Eloranta undergrad Research Fellowships. The fellowships were a 1969 pass from Land to the work in memory of Peter J. Eloranta... If you fatality to get a salutary essay, order it on our website: Ordercustompaper.com

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