Archived posting to the Leica Users Group, 2005/10/19
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Chucks! :-( D. On Wednesday, October 19, 2005, at 01:42PM, Jim Hemenway <Jim@hemenway.com> wrote: >http://dailynews.att.net/cgi-bin/news? >e=pub&dt=051019&cat=business&st=businessd8db6tm80&src=ap > >http://tinyurl.com/azj6c > >ROCHESTER, N.Y. (AP) - Eastman Kodak Co., stung by a slide in film >sales midway through its painful shift from traditional photography >to digital imaging, posted a $1.03 billion loss in the third quarter >largely because of one-time tax charges related to its massive >restructuring. > >For the first time, Kodak generated more quarterly revenues from >digital than from film, paper and other chemical-based products. But >while overall digital sales soared 47 percent to $1.89 billion, >traditional revenues slumped 20 percent to $1.66 billion. > >Kodak is also battling a steep drop in demand for photographic film >and paper. In July, it disclosed plans to lay off 10,000 employees on >top of 12,000 to 15,000 job cuts targeted in January 2004. > >Sales of conventional silver-halide film _ Kodak's cash cow for the >last century _ look set to drop by more than 30 percent in the United >States this year. > >Two years ago, Kodak acknowledged that its analog businesses were in >irreversible decline and outlined an ambitious strategy to become a >digital heavyweight in photography, medical imaging and commercial >printing by 2007. > >The transition triggered nearly $3 billion in acquisitions but has >carried a high cost. The shutdown of film and other manufacturing >operations around the world looks likely to drop its global work >force below 50,000, down from 75,100 in 2001 and a peak of 145,300 in >1988. > > > > > > > >feli wrote: >> <http://www.forbes.com/markets/feeds/afx/2005/10/19/afx2285533.html> >> >> Damn it. I really like APX100... >> >> feli >> >> >> >> --------------------------------------------------------------------------------------- >> Feli di Giorgio feli2@earthlink.net >> www.elanphotos.com >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information >> > > >_______________________________________________ >Leica Users Group. >See http://leica-users.org/mailman/listinfo/lug for more information > >