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Eastman Kodak Co. lost money for a fourth straight quarter and missed Wall Street expectations but struck a more-confident note Thursday that its photography and printing businesses are rebounding steadily from their worst levels during the economic downturn.
Photographic products maker Eastman Kodak Co. reports its results for the third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
A group of former Eastman Kodak Co. workers objected Friday to a proposed $21.4 million deal to settle two lawsuits by black employees who maintain they were paid and promoted less than white counterparts.
Eastman Kodak Co.'s chairman and chief executive, Antonio Perez, has agreed to remain at the helm through 2013, the photography products maker said Wednesday.
Eastman Kodak Co. expects to draw $400 million of its $700 million in debt refinancing from qualified institutional buyers rather than from private equity fund Kohlberg Kravis Roberts & Co.
Shares of Eastman Kodak Co. slumped more than 11 percent Thursday a day after its management announced a deal with investors to pump up to $700 million into the photography products company.
Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in an effort to shore up its balance sheet.
Eastman Kodak Co. said Tuesday it completed its purchase of the scanner division of Bowe Bell + Howell for an undisclosed amount.
Eastman Kodak Co. said Thursday it lost $189 million in the second quarter, its third consecutive quarterly deficit, as the global economic downturn hurt sales of digital cameras, film and other photography products.
Eastman Kodak Co. has agreed to pay $21.4 million to settle legal action brought by black workers who claim the photography products maker paid and promoted them less than their white co-workers.
A former corporate tax accountant at Eastman Kodak Co. has been sentenced to two years in federal prison for accepting kickbacks in a $14 million property assessment conspiracy.
Eastman Kodak Co. scrapped its dividend and trimmed the salaries of top executives Thursday, blaming the global economic downturn for a wider first-quarter loss and sliding sales of digital cameras and other photography products. Its stock fell 15 percent.
Eastman Kodak Co.'s chairman and chief executive received compensation valued at $2.1 million in 2008 as the imaging company pared another 2,500 jobs and its digital overhaul lost momentum in the economic downturn, according to an Associated Press analysis of data filed with regulators.
Eastman Kodak Co. said Wednesday it is bracing for a 12 percent to 18 percent slump in sales this year and a wider-than-expected loss because of the severity of the economic downturn.
The digital revolution did away with 40,000 jobs at Eastman Kodak Co. over the last five years.
Eastman Kodak Co. said Wednesday it has withdrawn its full-year 2008 operating profit and sales forecast because of a weak economy and stronger dollar, and says executives will not receive a salary increase next year.
Eastman Kodak Co. said it is suing South Korea's Samsung Electronics Co. and LG Electronics Inc. for infringing various digital-camera patents it obtained between 1993 and 2001.
Eastman Kodak Co., already slim from retooling for the digital age, said Thursday it is slashing its full-year profit and sales forecast and eliminating more jobs because of the darkening global climate. Its stock fell nearly 6 percent.
Eastman Kodak Co. said Thursday its second-quarter profit fell 14 percent as digital inkjet-printer investments and higher costs for raw materials offset a hefty tax settlement gain. It also warned that full-year operating earnings will come in at the lower end of its previous forecast, sending its already depressed stock down more than 7 percent.
Eastman Kodak Co. said Tuesday it is buying back up to $1 billion, or about a quarter, of its outstanding stock, by tapping a $581 million tax refund and a cash surplus the picture-taking pioneer has amassed since selling its health-imaging business early last year.
Imaging products company Eastman Kodak said Friday it will raise prices on a "select range of consumable products" across its business lines by as much as 20 percent.
Eastman Kodak Co. said Thursday its first-quarter loss narrowed to $115 million as it battles for a bigger slice of digital photography after navigating a drastic, four-year overhaul. The results still missed Wall Street expectations and its stock fell almost 4 percent.
Antonio Perez has one big barrier to overcome as Eastman Kodak Co. retrenches for the digital age: skepticism on Wall Street.
Eastman Kodak Co. said Monday it has developed an image sensor that greatly improves the quality of pictures and video captured by camera phones.
The final cost of Eastman Kodak Co.'s four-year overhaul is in: $3.4 billion to close aged factories and eliminate 29,000 jobs as it raced to convert the bulk of its century-old business from silver-halide film to digital photography.
How 16 Electronics Companies Got Their NamesMost of us spend a lot of time staring at a computer or TV screen, playing video games, or gabbing into our cell phones.
The Rise of Digital imaging and the Fall of the Old Camera industryCommon sense tells us that it seems very unlikely that firms which invest millions in R&D and employ some of the brightest scientists and engineers in the world would fail to see a technological revolution with such profound effects for the industry and for photographers.
Kodak cuts pay, axes dividend as losses mountIs this any great shock to anyone? It's just another quarter of bad numbers from a company that's had twenty or thirty years to fix things. Whatever... $2.2 billion in cash this time last year, now $1.3 billion in cash.
On January 28th, IBM CEO Sam Palmisano was in the East Room at the White House taking part in the stimulus show. Standing shoulder to shoulder with President Obama and an all-star cast of CEOs representing entities such as Xerox, Kodak, Google, Motorola, and Applied Materials.
George Eastman's impact undeniable"What would Rochester be without this man Eastman?"
What Apple Learned from KodakIn 1926, Kodak launched the third generation of their Vest Pocket camera line, the Series III. While the product line had been very successful, they wanted to expand its market appeal, in particular, to women.
Kodak ditches racing for golf ...as a race fan, I'm bummed, but marketing efforts steered towards golf isn't a bad idea...
Capitalism + Olympic "sport" = Bad air for atheletes + Continued human rights violationsAthletes are threatening to skip the Opening Ceremonies because they're afraid the environment of the host city will sicken them or compromise their medal chances, and distance runner Haile Gebrselassie dropped out of the marathon because the fumes are too heavy for him to run th …
"Pushing Pixels" - Kodak Introduces 50-Megapixel SensorLast week, Kodak launched the first ever 50-megapixel camera sensor. While such high resolution goes beyond the needs of most consumers, for professional photographers the new sensor will enable photographs to be taken at an unprecedented level of detail.
I'm from Rochester, NY, so Kodak has a special place in my heart as a company that helped shape the City.
Over the past few months I've been pondering the interconnectedness of the modern American society and if there was a way to reinvent it so as to reduce our impact on the planet. First some background thoughts:
At Kodak, Some Old Things Are New AgainROCHESTER — Steven J. Sasson, an electrical engineer who invented the first digital camera at Eastman Kodak in the 1970s, remembers well management's dismay at his feat.
Kodak aims for 5-megapixel phone cameras | Underexposed - CNET News.comEastman Kodak hopes turning one aspect of chip design on its head will help improve cell phone cameras--or at least help their image quality catch up with their megapixel increases.
Why Nobody Likes a Smart MachineAt a Best Buy store in Midtown Manhattan, Donald Norman was previewing a scene about to be re-enacted in living rooms around the world.
In response to the CNET poll I seeded, here is a poll listing the major manufacturers of DSLRS.
Self Service Digital Picture Printing Solution by Kodak Eastman Kodak .Company has launched KODAK Picture Kiosk GS Compact, an entry-level, self-service digital picture printing solution, which opens business opportunities for new retail locations, including smaller and non-traditional environments.
Kodak Presents Self Service Kiosk Nicki Zongrone, general manager of Retail System Solutions, and vice president, Eastman Kodak Company said"Many retailers worldwide want to offer their consumers self-service digital picture printing but struggle to find a solution that meets multiple business needs." "The introd …
Kodak's online photo gallery goes mobile - Scan Van!For Eastman Kodak Co., ScanVan is perhaps the most elaborate marketing attempt yet to try to drive more of the digital camera-using public to its online EasyShare Gallery.
Kodak Partners with World-Class MEMS R&D CenterJust had to post this one, particularly given one of my other seeds about CMOS sensors going into more digital cameras by Kodak.... Infotonics is a MEMS fab and packaging facility started by Kodak, Corning and Xerox, the State of New York and the Federal Government.
Image Sensors 101: CMOS vs CCDKodak is making the switch from CCD sensors to CMOS for consumer digital. This is a big change. Basically, this sums it up (but the rest of the article is also a nice intro to why CMOS is where it's at...)
Kodak, Unum, Tenet and GM Top Most Hated StocksOf course, coming from Rochester, NY - home of EK - I'm not that pleased to see that 56% of analysts rate Kodak a "sell," but I'm also not that surprised. At least their new inkjet printer technology seems to be getting big thumbs-up for the most part.
The End of Flash Photography?Imagine...no red eye. Period. Or no need for a flash on a digital camera.
New filter promises crisper photos in low lightA year from now, capturing a crisp, clear image of a candlelit birthday party could be a piece of cake -- even with a camera phone.Eastman Kodak Co.
Kodak's breakthrough technology makes low-light photogprahy a breezeEastman Kodak Co. revealed new technology that will make photography in low light crisp and clear. Did they finally make a revolutionary sensor? Nope! Instead, company 's image sensor business focused on improving the filter placed on top of the sensor.
China and Innovation: "You don't innovate? What do you mean you...?"Very interesting insight from a long-time member of the Kodak R&D machine.
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