Archived posting to the Leica Users Group, 2003/10/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]On one hand, we have of course learned over these past three years or so just how honest and far-sighted institutional investors have proven to be. Was Providence one of the countless such groups investing in internet ventures where there was no product, no real plan to have a product, and no prospect that any vaguely intelligent three-year-old could see of such ventures ever making profits? On the other hand, digital photo will indeed be highly competitive, and it may well be too late for Kodak to jump in and do anywhere near as well as its investors would like it to do. However, that doesn't mean that the company's leadership isn't correct in believing that while there is still money to be made in film, film will no longer be able to sustain the kind of giant it allowed Kodak to become. B. D. - -----Original Message----- From: owner-leica-users@mejac.palo-alto.ca.us [mailto:owner-leica-users@mejac.palo-alto.ca.us] On Behalf Of Tim Atherton Sent: Sunday, October 26, 2003 11:20 PM To: leica-users@mejac.palo-alto.ca.us Subject: [Leica] Kodak Film and Digital: "Kodak's plans spur (investor) rebellion" "ROCHESTER, N.Y. - Eastman Kodak Co.'s decision to bet its future on digital photography has touched off a battle with a potent group of dissident investors. Investors reacted with fury last month when Kodak slashed its annual dividend by 72 percent to fund a major shift away from its ailing conventional film business and into the fast-growing but highly competitive digital arena. Institutional investors led by Providence Capital Inc. are staging a forum today to examine ways of prodding the world's biggest photography company to alter its new course... ...Citing doubts about the potential profits in digital imaging compared to conventional photography, Standard & Poor's Ratings Services and Moody's Investors Service downgraded Kodak's credit rating last month to BBB-minus, one notch above "junk" level... more" http://denverpost.com/Stories/0,1413,36%7E33%7E1714108,00.html?search=fi lter - -- 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