Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Kodak to Focus on Printers, Digital Products
Sep 26, 2003
 Printable format
 Email this Article
 Search

Eastman Kodak Co. said it plans to respond to declines in its traditional film business by widening its range to ink-jet printers as it focuses on digital products.

The U.S. camera maker 's plans will put it in competition with entrenched makers of printers for the consumer market, including Hewlett-Packard, Canon, Seiko's Epson, Lexmark, and computer vendor Dell, which recently started selling relabeled printers manufactured by other companies.

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.

Kodak has already expanded into digital still cameras and has more recently started putting emphasis on building its professional digital printing business in areas such as healthcare, in competition with Xerox Corp.

The plan could cost as much as U.S. $2 billion for moderate-size acquisitions over the next 3 years and more investment in the new growth areas.

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.

Kodak expects the strategy will increase revenue by 5 percent to six percent a year, though it will not achieve 6-percent growth this year.

The company said it will strive to reduce net debt to below the $2.0 billion it held at the end of 2002, adding it expects to be able to report annual earnings per share of $3.00 by 2006.

Some analysts anticipate the company will cut its dividend to use the cash for business operations. The current dividend yield is 6.5 percent. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows