Wait till next year. It’s a familiar refrain for Bills and Mets fans, and it has become Eastman Kodak Co.’s mantra. Like a struggling sports franchise, the photo and imaging company has spent recent years repeatedly rebuilding. The company has been in the red for 11 of the past 14 quarters while sales keep shrinking alarmingly—from $14.3 billion in 2005 to $7.2 billion last year.
There is plenty of evidence that Kodak stands at a crossroads, with one direction leading to a remarkable business turnaround and the other leading to any number of potential scenarios such as bankruptcy, a takeover,
Eastman Kodak
MOONACHIE, NJ—EarthDigital, the digital division of EarthColor and a provider of integrated digital printing, marketing and fulfillment solutions, announced the appointment of Cheryl Kahanec as the company’s executive vice president.
Debuting at GRAPH EXPO is Kodak MarketMover Managed Campaign Services, a suite of services designed to give print service providers the necessary support to bring to market and sell data-driven, multi-channel direct marketing campaigns. It also will feature several new developments in workflow, announcing significant productivity enhancements for Kodak Prinergy Workflow Systems, Kodak PREPS Imposition Software and Kodak Colorflow Software.
The Kodak Prosper S20 Imprinting System with CMYK is at GRAPH EXPO 2011 and features breakthrough speeds of up to 2,000 fpm/610 mpm at 600x300 dpi. The full-color imprinting system delivers fast, offset-class variable data applications, produced inline with web offset presses and finishing equipment.
Fenske Media utilizes its newly installed Kodak Prosper 5000XL inkjet press to create millions of full-color, highly personalized materials for its customers that drive higher rates of return and increased revenues. “Relevance equals revenue, and the ability to personalize these self-mailers based on the consumers past purchasing behavior is vital,” said Dave Fenske.
According to the DMA's Quarterly Business Review (QBR) for the second quarter of 2011, marketers reported moderate growth in spending, sales, profits and staffing, compared with the previous quarter (Q1 2011) and same quarter last year (Q2 2010).
Eastman Kodak Co. may hold patents worth five times more than the business itself, making the 131-year-old camera company a target in the billion-dollar hunt for inventions used in mobile phones. Kodak, which once had a market value of more than $30 billion, slid 98 percent from its 1990s peak through yesterday as demand for film photography withered and smartphones equipped to take pictures siphoned off demand for its digital cameras.
“Kodak is the lowest hanging fruit out there,” Chris Marlett, chief executive officer at MDB Capital, a Santa Monica, California-based investment bank specializing in intellectual property, said
A recently completed agreement between Kodak and Network Global Logistics (NGL) will enhance service delivery for customers of Kodak Service and Support. Under the agreement, NGL will stock mission-critical service parts in strategic forward stocking locations for Kodak’s customers worldwide.
As of Dec. 31, 2010, Kodak had tax attributes of approximately $2.9 billion pre-tax. Its board has now adopted a “Net Operating Loss” shareholder rights agreement designed to preserve those tax assets in the event of an “ownership change” as defined under Section 382 of the U.S. Internal Revenue Code and related U.S. Treasury regulations.
The revolution in the printing industry is one of survival, of technology and redefining and reinvention. Think Patented boasts of offering digital static and variable data printing, mailing, fulfillment, promotional products and other Web-based solutions to go with its sheetfed offset printing arsenal.