No way.
The Kodak company was not just a photography company, they were a chemistry company at heart. Their emulsion technologies were the basis for a whole indistry for many years. Even today, it is not possible to achieve the resoloution that a silver iodide crystal allows one to get.
They indeed lost focus and didn't crop out the market distractions like they needed to, thinking that they needed to shift to digital imaging. They should have stuck to what they were really really good at -- chemistry. The lost opportunity to bring new and better ingredient products to the market was lost, they had gotten used to the idea that they were a "name brand", but they did not HAVE to be. Much like BASF, "we dont make the things, we make the things that make the products better" -- a brilliant marketing campaign -- Kodak needed to re-imagine themselves, a dodge that just didn't get out of the darkroom.