On Feb 8, 2007, at 4:41 PM, Scott Loveless wrote: > 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.
They picked up a little bit of business in the shrinking film marketplace due to two other players exiting. Not exactly what I'd call a growth opportunity ... the film and photofinishing industry is still shrinking fast, moving to digital capture products and services. Godfrey -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
