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They failed to make use of it, failed to innovate, failed to put it in the marketplace. along came foreign competition, and just absolutely ate their lunch. then they were saddled with a large amount of yearly payments to their pensioners. they've got 19,000 retired workers costing them hundreds of millions a year -- megyn: and that's fine if you continue to make hundreds of millions, but they didn't. >> the camera disappeared, they stopped making film a few years ago, and that was their base. megyn: that's the thing, nobody uses film anymore, and barely anybody goes into the store and actuall...

>> almost was. 1975, first digital camera, kodak comes out with it, but they failed to make use of it, failed to innovate, failed to put it in the marketplace. along came foreign competition, and just absolutely ate their lunch. then they were saddled with a large amount of yearly payments to their pensioners. they've got 19,000 retired workers costing them hundreds of millions a year -- megyn: and that's fine if you continue to make hundreds of millions, but they didn't. >> the camera disappeared, they stopped making film a few years ago, and that was their base. megyn: that's the thing, nobo...