Digital Cameras
We know of Kodak as a consumer photographic company but they have a huge commercial side. Motion Picture Film, Scientific Film, Photographic Print Papers, even the chemicals used to develop film and the papers as well as a huge business with just scientific and analytical chemicals.
Well, in the 4th Quarter of 2005, their Digital sales eclipsed their Traditional sales for the first time.
From the
Kodak website:
Kodak’s 4th- Quarter Sales Rise 12% to $4.197 Billion
Full-Year Digital Sales Exceed Traditional Sales for the First Time; 4th-Qtr Digital Sales Surge 45%, Led by Graphic Communications and Consumer Digital Company Exceeds Full-Year Cash Goals; Delivers $1.180 Billion in Net Cash From Operating Activities in 2005; Cash Balance Totals $1.665 Billion at Year-end 4th-Qtr GAAP Net Loss of $52 Million ($0.18 Per Share), Largely Reflecting Restructuring Charges, Tax Benefits and Cumulative Effect of an Accounting Change
Changes afoot... Let's hope their corporate culture doesn't mess this up, they are a good company at heart but their core competency is becoming irrelevant and they will need to address this. Their stock history has not been good since 1991 or so...
Posted by DaveH at February 3, 2006 9:56 PM