Kodak Denies Shopping Nexpress Technology

Kodak is preparing itself for a potential decline of 12 percent to 18 percent in sales for 2009 due to the impact of the recessionary economy, the Associated Press reported. It is forecasting a loss of $200 million to $400 million. The company will be relying on cash generated by high-margin products, such as digital cameras and retailer kiosks. Companywide, Kodak is cutting as many as 4,500 jobs this year.