Today in History October 11: The fall of Polaroid



October 11 is the 284th day of the year. There are 81 days remaining until the end of the year.

Today's Highlight in History 2001 – The Polaroid Corporation files for federal bankruptcy protection.


Polaroid logo


Polaroid Corporation is an American international consumer electronics and eyewear company, founded in 1937 by Edwin H. Land. It is most famous for its instant film cameras, which reached the market in 1948, and continued to be the company's flagship product line until the February 2008 decision to cease all production in favor of digital photography products. In September 2014 Polaroid introduced its latest digital camera product, the Polaroid Cube.

The company's original dominant market was in polarized sunglasses, an outgrowth of Land's self-guided research in polarization after leaving Harvard University after his freshman year—he later returned to Harvard to continue his research.

After Polaroid defeated Kodak in a patent battle, Kodak left the instant camera business on January 9, 1986.

Polaroid developed an instant movie system, Polavision, based on the Dufaycolor process. The product arrived on the market when videotape-based systems were rapidly gaining popularity. As a result, Polavision was unsuccessful and most of the manufactured product was sold off as a job lot at immense cost to the company. Its underlying technology was later improved for use in the Polachrome instant slide film system.

The company also was one of the early manufacturers of digital cameras, with the PDC-2000 in 1996; however, they failed to capture a large market share in that segment.

They also made 35 mm and multi format scanners, such as Polaroid SpiritScan 4000 35 mm scanner (the first scanner with a 4000 DPI CCD) in 1999, and the Polaroid PrintScan 120 in 2000, the scanners had mixed reception and had heavy competition with Nikon and Minolta. All the line was discontinued after the firm went bankrupt.

On October 11, 2001, Polaroid Corporation filed for Chapter 11 bankruptcy protection. Almost all the company's assets (including the "Polaroid" name itself, which had become almost synonymous with instant photographs) were sold to a subsidiary of Bank One. They went on to form a new company, which also operates under the name "Polaroid Corporation" It stopped making Polaroid cameras in 2007 and stopped selling Polaroid film after 2009, to the consternation of many users.

Since March 2010, instant film materials for vintage Polaroid cameras have again become available on the market, developed and manufactured by a group called The Impossible Project, at the former Polaroid production plant in Enschede, The Netherlands.
-..Wikipedia


World Events 


1852 – The University of Sydney, Australia's oldest university, is inaugurated in Sydney.
1862 – American Civil War: In the aftermath of the Battle of Antietam, Confederate General J.E.B. Stuart and his men loot Chambersburg, Pennsylvania, during a raid into the north.
1864 – Campina Grande, Brazil, is established as a city.
1865 – Paul Bogle led hundreds of black men and women in a march in Jamaica, starting the Morant Bay rebellion.
1899 – Second Boer War begins: In South Africa, a war between the United Kingdom and the Boers of the Transvaal and Orange Free State erupts.
1899 – The Western League is renamed the American League.
1906 – San Francisco public school board sparks a diplomatic crisis between the United States and Japan by ordering Japanese students to be taught in racially segregated schools.
1910 – Former President Theodore Roosevelt becomes the first U.S. president to fly in an airplane. He flew for four minutes with Arch Hoxsey in a plane built by the Wright brothers at Kinloch Field (Lambert–St. Louis International Airport), St. Louis, Missouri.
1929 – J. C. Penney opens store #1252 in Milford, Delaware, making it a nationwide company with stores in all 48 U.S. states.
1950 – Television: CBS's mechanical color system is the first to be licensed for broadcast by the U.S. Federal Communications Commission.
1962 – Second Vatican Council: Pope John XXIII convenes the first ecumenical council of the Roman Catholic Church in 92 years.
1972 – A race riot occurs on the United States Navy aircraft carrier Kitty Hawk off the coast of Vietnam during Operation Linebacker.
1975 – The NBC sketch comedy/variety show Saturday Night Live debuts with George Carlin as the host and Andy Kaufman, Janis Ian and Billy Preston as guests.
1976 – George Washington's appointment, posthumously, to the grade of General of the Armies by congressional joint resolution Public Law 94-479 is approved by President Gerald R. Ford.
1982 – The Mary Rose, a Tudor carrack which sank on July 19, 1545, is salvaged from the sea bed of the Solent, off Portsmouth.
1984 – Aboard the Space Shuttle Challenger, astronaut Kathryn D. Sullivan becomes the first American woman to perform a space walk.
1986 – Cold War: U.S. President Ronald Reagan and Soviet leader Mikhail Gorbachev meet in Reykjavík, Iceland, in an effort to continue discussions about scaling back their intermediate missile arsenals in Europe.
1987 – Start of Operation Pawan by Indian Peace Keeping Force in Sri Lanka that killed thousands of ethnic Tamil civilians and hundreds of Tamil Tigers & Indian Armysoldiers.
1996 – Pala accident: a wood lorry and school bus collide in Jõgeva county, Estonia, killing eight children..
2001 – The Polaroid Corporation files for federal bankruptcy protection.
2002 – A bomb attack in a shopping mall in Vantaa, Finland kills seven.

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