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Kodak: Positive News


andybarton

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That's a poke in the eye for the 'film is dead' brigade!!

 

There's hope for Kodak yet.

 

Amen to that!

 

Maybe the powers that be at Kodak are FINALLY waking up to this simple but effective strategy: Do what makes you money and dump the rest.

 

Why has it taken Kodak so long and cost them so many lost billions and so many lost jobs to at last recognize this fundamental truth?

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I'd be very careful in how you interpret this. In reading the release, Kodak was talking about it's Motion Picture film & specialty films divisions, in particular. Right now, they aren't in a very strong position in any market. Since they are going to close the Digital Camera unit, I wouldn't put my chips on there being a bright future in sensors for digital cameras, at least in the future. This company is a test book case for Business schools like U Chicago, Harvard,... lots of brilliant MBA's sitting in lofty towers....

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"Kodak's continuing consumer products and services will include the traditional film capture and photographic paper business, which continues to provide high-quality and innovative products and solutions to consumers, photographers, retailers, photofinishers and professional labs,"

 

Ben, if we take the above to be true, then it seems to indicate a return to consumer film, and paper, and not just their motion picture stock.

 

I hope Kodak re-emphasizes their pre-T Grain film. I really dislike T-grain. (But who am I?)

 

Thank you for the post, Andy.

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I guess I'm staying in a wait-and-see mode. At the moment, Kodak is equalling Leica in the contradictory nature of their statements. It's nice that Kodak is saying good things about film - but as I recall, Leica said good things about an "R10." And "perpetual M8 upgrades." And "an R solution."

 

What happened to the commercial and consumer inkjet printers that were touted as the "new" business core just four months ago?

 

Oct. 31, 2011 - 3rd Quarterly Report:

 

“More than anything, the results of this quarter reflect our continued progress toward establishing digital growth businesses that will form the nucleus of a new Kodak,” said Antonio M. Perez, Chairman and Chief Executive Officer, Eastman Kodak Company. “In Consumer Inkjet, ink gross profit dollars doubled in the third quarter and year-to-date. Our installed base of printers is now sufficiently large that we expect to meet a key milestone in the fourth quarter – achieving positive gross profit for this business as a whole, driven by ink gross profit.....In Commercial Inkjet, revenue for the entire PROSPER product line rose 40% in the third quarter, and we anticipate that revenue recognition for PROSPER presses will accelerate in the fourth quarter, based on installations already in the field and continued success in the marketplace."

 

Kodak itself says nothing on the subject in this article, although Jonathan Eastland is quoted critiquing the idea.

 

It is perfectly possible that Kodak's bankruptcy consultants came to the same conclusion as Eastland (and many of us) - that inkjet is a failed strategy. And Kodak is trying to reverse course as gracefully as possible. But at this point, I really don't trust anything Kodak says - I'll watch what they DO.

 

Restoring Plus-X to the line and buying back their B&W paper factories from the Brazilians will be concrete steps.

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Just got this note from my dad, who's a very well known research and technical photographer at the Rochester Institute of Technology.

 

"Hey! I did an interview about Kodak and their shedding camera making operations with YNN news and local channel 8 (CBS) news!"

 

Here's a link to one of them: http://rochester.ynn.com/content/top_stories/573200/kodak-to-phase-out-cameras/

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I'll take 5 rolls at $3.79 rather than a 5 roll pack at $21.49 ($4.30 per roll).;)
And that's exactly what I did, several times over. A big carton will be arriving here at the end of the week, just in time for my Rolleiflex returning from a checkup! :)

 

Freestyle ship internationally ( well to Aus at least ). Film costs me about half what it would locally and it arrives about 5-7 days after I place my order.
I wasn't trying to exclude anyone David. I read somewhere that their international shipping is very expensive. That's not the case?

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