Archived posting to the Leica Users Group, 2006/08/01

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Subject: [Leica] Kodak lays off 2000
From: bd_colen at harvard.edu (B.D. Colen)
Date: Tue Aug 1 08:44:18 2006

And in the Wash Post story...
"A photographic film icon during much of the 20th century, Kodak has
struggled to turn profits even while becoming a major player in recent years
in the digital arena.

Its overall digital sales in the quarter rose 6 percent to $1.83 billion,
while revenues from film, paper and other traditional, chemical-based
businesses slumped 22 percent to $1.52 billion.

Profits from its digital businesses totaled $4 million, compared with a $25
million loss in last year's second quarter. In 2005, for the first time,
Kodak generated more annual sales from digital imaging than from film-based
photography and earned $161 million in digital profits."