Archived posting to the Leica Users Group, 2003/09/25
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]http://money.cnn.com/2003/09/25/news/companies/kodak_shift/index.htm?cnn=yes ... Eastman Kodak Co. said Thursday it will enter the ink-jet printer business and no longer invest in its traditional film business, cutting its annual dividend by 72 percent in an effort to raise cash for its corporate makeover.... ...At the same time, Kodak will not make any more significant investments in traditional consumer film, though it will make private-label film to sell under non-Kodak brand names internationally, the spokeswoman said, confirming a report in the Wall Street Journal. Traditional film photography is under pressure due to growing popularity of digital still cameras. Consumers increasingly print these pictures at home on ink-jet printers... ..Additionally, Kodak is likely to sell or close about $1 billion worth of an array of businesses, including the slide-carousel group, which could mean more job losses.... > -----Original Message----- > From: owner-leica-users@mejac.palo-alto.ca.us > [mailto:owner-leica-users@mejac.palo-alto.ca.us]On Behalf Of Bill Clough > Sent: Thursday, September 25, 2003 5:27 AM > To: Leica Users Group > Subject: [Leica] Kodak Focus on Digital > > > USA > TEXAS > CORPUS CHRISTI > 25 September 2003 > > Hi there-- > > Apologies in advance if this already has been posted. > > The Associated Press broadcast wire is reporting that > today, the Wall Street Journal will announce that Kodak is > preparing to move away from traditional film and into > digital technology. It says Kodak hopes to compete head on > with Hewlett-Packard, Canon and Epson by launching a line > of ink-jet printers. Kodak also says it will make no more > significant long-term investments in traditional consumer > film. > > --Bill Clough > > > __________________________________ > Do you Yahoo!? > The New Yahoo! Shopping - with improved product search > http://shopping.yahoo.com > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html > - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html