The following video is part of our "Motley Fool Conversations" series, in which Motley Fool editors Austin Smith and Brendan Byrnes discuss emerging trends in their favorite companies.

In today's edition, Austin and Brendan discuss the long plunge of a former innovator, Eastman Kodak. It's been a long road that got us here, rife with lawsuits, patent selloffs, and misdirection. We touch on a bit of the past troubles and take a look to the future with Kodak's newest strategy. As things stand, Kodak is trying to maximize company value by selling off patents and divisions, including its online photo unit. It's also hinged a large part of its future success on taking on printer giant Hewlett-Packard.

Neither Austin Smith nor Andrew Tonner owns any shares of the companies mentioned here. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of IMAX and Apple and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.