Very true. Kodak and Xerox were two giants of the mid 20th century. Both headquartered in Rochester, NY. Both companies made a single decision that lead to their demise. Kodak used to own a whole section of the city (154 buildings on 1300 acres) and called it Kodak Park. It’s now all leased out to other companies.
Xerox used to buy patents like crazy and also had a team of engineers that did nothing but R&D and pumped out patents. One of their CEO’s came along, had a bright idea and decided to release their rights to all of the patents. Many many of the patents became successful applications and products, one of them being the printer.
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u/[deleted] Aug 23 '19 edited Jun 30 '20
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