Wednesday, November 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Europe Wants Right-to-be Forgotten to Go Globally
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
UK Music Industry Seeks For New Tax on CD Copying
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Sony Plans E-Paper Watch: report
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
Hitachi Wearable Device Monitors Brain Functions
Hitachi Technology Stores Digital Data In 100 Recording Layers, Data Can be Stored For 300 million Years
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 Home > News > Digital Cameras > Kodak T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 09, 2012
Kodak To Stop Camera Production


Eastman Kodak Company announced today that, as a result of its strategic review process to drive sustainable profitability, it plans to phase out its capture devices business - comprising digital cameras, pocket video cameras and digital picture frames - in the first half of 2012.

Kodak, which filed for bankruptcy protection last month, will instead expand its current brand licensing program, and seek licensees in these categories. Following this decision, Kodak's Consumer Business will include online and retail-based photo printing, as well as desktop inkjet printing.

Kodak added that it would continue to honor all related product warranties, and provide technical support and service for its cameras, pocket video cameras and digital picture frames.

"For some time, Kodak's strategy has been to improve margins in the capture device business by narrowing our participation in terms of product portfolio, geographies and retail outlets. Today's announcement is the logical extension of that process, given our analysis of the industry trends," said Pradeep Jotwani, President, Consumer Businesses, and Kodak Chief Marketing Officer.

Upon completion of the phase out, Kodak expects to achieve annual operating savings of more than $100 million. Kodak expects to incur a charge related to separation benefits of approximately $30 million resulting from the exit of the business.

In addition to its Consumer Businesses segment, Kodak has a Commercial Businesses segment that includes the Digital and Functional Printing, Enterprise Services and Solutions, and Graphics, Entertainment and Commercial Films units. Kodak?s digital businesses now comprise approximately three-fourths of total revenues.

Kodak continues to have a strong position in the personal imaging market. While photos are increasingly taken on multi-function mobile devices, Kodak technology makes it easy for consumers to produce a broad range of photo products, anywhere, anytime - from prints to photobooks, photo greeting cards and personalized calendars.

Kodak's continuing consumer products and services will include:

- Retail-based photo kiosks and digital dry lab systems. Kodak has more than 100,000 kiosks and order stations for dry lab systems around the world, with some 30,000 of those units connected to the most popular photo-sharing sites.
- Consumer inkjet printers, where Kodak has outpaced overall market growth for several years.
- Kodak apps for Facebook, which make it easy for consumers to obtain photo products using photos from their Facebook albums.
- Kodak Gallery (www.kodakgallery.com), an online digital photo products service.
- The Kodak camera accessories and batteries businesses. These products are universally compatible with all camera brands.
- The traditional film capture and photographic paper business, which continues to provide high-quality products and solutions to consumers, photographers, retailers, photofinishers and professional labs.


Previous
Next
Oracle Buys Taleo For $1.9B        All News        German Court Says Samsung Is Free To Sell Rworked Galaxy Tab 10.1N Tablet
Sony Introduces New Lineup Of Cyber-shot Cameras     Digital Cameras News      Closer Encounters With Sony's New 500mm Super-telephoto

Get RSS feed Easy Print E-Mail this Message

Related News
Kodak Emerges From Bankruptcy Focused on Imaging for Business
Judge Approves Kodak Plan to Exit Bankruptcy
Kodak, Major Financial Institutions Agree to Arrange Exit Financing Package
Kodak Seeks Approval for $406 Million Rights Offering
Kodak Positioned to Emerge from Bankruptcy in the Third Quarter
Kodak Posts First Quarter Profit
Kodak To Sell Document Imaging Business to Brother
Kodak Completes $527 Million Sale Of Digital Imaging Patents
Court Approves Kodak's $525 Patent Sale Plan To Consortium
Kodak Sells Patents For $525 Million
Apple and Google To Jointly Bid For Kodak Patents
Kodak Accepts Improved Financing

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .