On 2/8/07, Scott Loveless <[EMAIL PROTECTED]> wrote: > On 2/8/07, Godfrey DiGiorgi <[EMAIL PROTECTED]> wrote: > > > > On Feb 8, 2007, at 3:00 PM, Scott Loveless wrote: > > > > > That's the boneheaded management at Kodak for you. Film is a cash cow > > > and Kodak just can't wait to dump it. > > > > With the volumes of film processing dropping into the sewer, > > according to everyone in the photofinishing business this past year, > > I think the cash cow's milk has become sour. > > > http://www.chron.com/disp/story.mpl/ap/fn/4514513.html > > " ... While film sales have been shrinking by 20 percent to 30 percent > in recent years, Yannas added, the sharply reduced rate of decline in > the fourth quarter suggests Kodak is benefiting from the demise of film > operations at Japan's Konica Minolta and Belgium's Agfa-Gevaert > NV. ... " > Got one this time: http://www.iht.com/articles/2007/02/01/business/kodak.php
Also from the article: "The company plans to pay down about $1.15 billion in debt, and analysts expect it to funnel the rest of the proceeds into digital ventures — possibly the ink jet printer market — as profits from its storied film business rapidly erode." Six of one, half-dozen of the other it looks like. Oh,well. -- Scott Loveless http://www.twosixteen.com Shoot more film! -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
