Eastman Kodak Co | Stock Market News & Stocks to Watch from StraightStocks

Eastman Kodak Co. (EK) Posts Better than Expected Results

QualityStocks (January 29th, 2010) Writes:

Rapid changes in technology can be a death bell for established product brands. Not recognizing these changes and adapting to them is the nail in the coffin. There are certain brands, however, that are strong enough to cheat death if a solid reorientation is made quickly and effectively. In this sense, recognizing the brand and its opportunity can be just as an effective investing option as any other, especially when a stock price is beaten down for some time but refuses to die.

Eastman Kodak Co., an imaging technology products manufacturer and service company, manufactures imaging products for the consumer and commercial marketplace. The company recently posted higher than expected returns after a long restructuring and realignment process.

Several years ago it would have been safe to say that Eastman Kodak dropped the ball as digital cameras and cell phones entered the marketplace. Today, however, it would also be safe to say

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Kodak Disposes OLED Business – Analyst Blog

Zacks Market Commentaries (December 8th, 2009) Writes:

Eastman Kodak Co. (EK) announced its plans to sell substantially all the assets associated with its OLED business to a group of LG companies. The company said that this transaction will tighten Kodak’s investment focus and strengthen its financial position. Financial details were not disclosed. Kodak, which has been a pioneer in developing technology associated with OLED displays, said that it will continue to have access to its OLED technology for use in its products. The company noted that this decision in consistent with its strategy of repositioning some of its businesses to maximize its competitive advantage at the intersection of materials and imaging science. Kodak pointed that though OLED intellectual property portfolio is fundamental, realizing the full value of this business would have required significant investment. This transaction is expected to close by the end of the year. In addition, Kodak said that ...

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Kodak Reports a Big Decline – Analyst Blog

Zacks Market Commentaries (October 29th, 2009) Writes:

Before the opening bell today, Eastman Kodak Co. (EK) posted struggling results for the third quarter in comparison to the year-ago quarter. The company reported a third-quarter loss from continuing operations of $111 million, or 41 cents per share, compared with earnings on the same basis of $101 million, or 35 cents per share in the year-ago period. The company’s third quarter results demonstrate the success of continued focused investments that Kodak is making in new products and core growth businesses, especially consumer and commercial inkjet. Cost containment and more tightly focused spending on research and development also positively contributed to the company’s third quarter results. Sales worldwide totaled $1.8 billion, a decrease of 26% from $2.4 billion in the prior-year period, including 2% of unfavorable foreign exchange impact. Revenues from digital businesses totaled $1.2 billion, a 26% decline from $1.6 billion in the prior-year quarter, ...

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