Earlier quoted context omitted.
Sometimes there is no clear path from A to B. There is some weird fallacy where people tend to think every single company can make every single product if they simply hired the right engineers and throw money at it. I think it comes from underestimating the role of process, structure, and competency, which are the DNA and codebase of a company.
Sometimes the market says the most efficient outcome is for your company to die and a replacement rise from the ground elsewhere. Old, tired companies with lots of sunk costs and old employees are at a disadvantage.
Kodak does not need to become a cellphone company. You can take your dividends from Kodak and invest in Apple. When Kodak profits go to zero, you sell the the assets and move on.