Archived posting to the Leica Users Group, 2003/09/25

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Subject: RE: [Leica] Kodak Focus on Digital
From: Tim Atherton <tim@KairosPhoto.com>
Date: Thu, 25 Sep 2003 09:41:31 -0600

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
>
>
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