It’s no longer a “Kodak moment,” say experts from Rochester Institute of Technology—who discuss the decline, struggles and opportunities for the global industrial and commercial technology giant. The following are insights from experts at RIT’s E. Philip Saunders College of Business and RIT’s College of Imaging Arts and Sciences:
Eastman Kodak is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged. Kodak fell 25 percent to 50 cents at 9:42 a.m. New York time, after dropping as much as 30 percent.
Kodak may seek protection from creditors within weeks and then hold an auction to sell its patent portfolio, said the people, who asked not to be identified because the talks are private. Kodak may seek about $1 billion in so-called debtor-in- possession financing, though terms may change,
Who could have imagined only three years ago you’d be able to access all relevant management information from your printshop by using an app on a smartphone? Or, allow your clients to view, annotate and approve jobs on their iPads?
Under the new structure, Kodak has reduced its number of segments from three to two: the Commercial Segment and the Consumer Segment. Both report into a newly created Chief Operating Office led by Philip Faraci, who will continue to serve as Kodak’s president and chief operating officer, and by Laura Quatela, who was recently named, alongside Faraci, as president and chief operating officer.
HardingPoorman selected EFI Monarch and EFI PrintStream Fulfillment for its Indianapolis-based print, mailing and fulfillment operations. “Integration of our processes is critical, and the combination of Monarch, PrintStream Fulfillment and our Kodak Prinergy platform clearly emerged as the number one system to effectively manage our printing, mailing and fulfillment operations within one integrated solution.”
The Graphic Users’ Association (GUA) announces three industry-leading keynote speakers for the 2012 GUA North American Conference to be held on Jan. 16-20, 2012, at the Hotel InterContinental in New Orleans.
Twenty of the printing industry’s foremost suppliers have signed on as sponsors for the upcoming Vision 3 Summit to be held Feb. 19-22, 2012, at the Marco Island Marriot in Marco Island, FL. The second-annual executive leadership conference has the theme “Focus Your Vision on Transformation and Growth.”
Starting a Web-based business four years ago has been the right move for New York-based digital printer Best Value Copy, the online division of Red Rose Document Solutions. As many long-time customers began to discontinue their printed jobs as their jobs migrated to the Web and no longer were being produced on paper, founder Robert Stokvis, and his son Mark Stokvis, vice president of sales and marketing, decided to create an Internet printing company, Best Value Copy, to offset the decline in their traditional print-on-paper business.
Fenske Media serves as a showplace for the latest in variable data color digital printing, finishing and mail room equipment. Kodak color digital press platforms in use around the plant include a NexPress (toner), a Versamark VL 2000 (drop-on- demand inkjet) and, most recently, a Prosper 5000XL four-over-four web perfector incorporating Kodak's Stream continuous inkjet technology.
Commercial printing industry supplier company and personnel news from Printing Impressions’ January 2012 edition.
