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, ...

MMR Information Systems today described to investors the benefits of its MMRPro system for Electronic Medical Records (EMR). This system will utilize a proprietary, Kodak-branded architecture and will enable any medical practice, even small or mid-sized, to achieve standards in medical record computerization that qualifies them for funding under the American Recovery and Reinvestment Act (ARRA).

The entire MMRPro system should come in at under $20,000 over three years, a price point that trounces all competitors, as a typical EMR solution requires many times that much for only a single year. CEO and Chairman of MMRF, Robert H. Lorsch, quieted concerns raised last week in an article by the Washington Post that cited gross inconsistencies and inaccurate medications resulting from EMR systems by detailing the universality of the approach enabled by his Company’s MMRPro system.

Lorsch boldly proclaimed his Company’s commitment to resolving this situation through its software, saying that mistakes

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Wednesday October 28, 2009

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be

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Yesterday, Eastman Kodak Company (EK) closed its private placement of $400 million aggregate principal amount of convertible senior notes due in 2017 to qualified institutional buyers pursuant to Rule 144A under the Securities Act, as amended. The notes are unsecured obligations of Kodak and bear interest of 7.00% per year.

Upon conversion, Kodak will deliver, at its option, common stock or cash. The initial conversion rate is 134.95 shares of common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $7.41 per share.

Kodak has the right to redeem the notes in whole or in part at a specified redemption price at any time on or after Oct 1, 2014 and before Oct 1, 2016 if certain conditions are met, and on and after Oct 1, 2016 regardless of such conditions.

As disclosed recently, this offering is a part of an overall $700

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As a follow up to my post on "Blackstone Group: A High Beta Play on Recovery", news came out yesterday that Kodak (EK) is gonna raise $700 Mil through a series of transactions, including $400 Mil from secured debt issued to private equity firm Kohlberg Kravis Roberts & Co. (KKR). In exchange for funding, KKR gets two seats on EK's board. In my previous post I talked about how private equity fills a big need during hard times like the current recession (is it still?), and these firms are gonna make tons of money out of it. The EK capital raising is just one of many deals to come. Banks are reluctant to lend, the government is head over heels in deficit so companies which need funds to reorganize and shore up balance sheets turn to private equity. Many ...

Hewlett-Packard (HPQ) recently said it would launch a new Print App and an App Studio portal for the holiday season to enhance web printing, helping consumers to print customized content without a PC.

The print App software is designed to work with HP’s high-end printers. To improve the speed and reduce cost of digital printing, the company had earlier unveiled graphic arts technologies and products to support its Print 2.0 strategy. HP’s Photosmart Premium with TouchSmart Web is already available in the market. The company is manufacturing commercial and specialty digital printers to work with the Photosmart and TouchSmart.

HP’s Photosmart Premium printer with TouchSmart Web will be available for $399. The new Photosmart printers feature touch technology that help users to display as well as edit and print photos and enable them to copy and scan documents. Other wireless printers are available within the range of $129

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Kodak, the world’s foremost imaging innovator, today signed MyMedicalRecords, Inc. (“MMR”), a subsidiary of MMR Information Systems Inc., as their independent software vendor in an agreement that will enhance how doctors provide electronic information online.

Kodak Scanners and Kodak Capture Software, both of which are state-of-the-art in their field, will work seamlessly with the MMR Pro System and Personal Health Records (PHR) products. Together, these technologies help healthcare professionals lower the cost and increase the efficiency of digitally capturing and managing information from paper-based medical files.

In February, President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) of 2009 with improved digital records management as a top priority. MMR assists healthcare professionals in search of effective electronic document management solutions and streamlines the process of sharing health information between doctors and their patients. Presently, more than 500,000 users have access to MMR’s PHR product network.

Kodak’s document capture

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Medvedev told Chancellor Angela Merkel at their meeting in Sochi that stronger ties could 'help our economies and people overcome the consequences of this heavy crisis and come out of it even stronger'.  Merkel announced that she would welcome Russian investments in Opel, as well as in chipmakers Infineon and Qimonda and the Wadan shipyard.  The insolvent shipbuilder is reportedly close to being bought by Russian investor Igor Yusufov.  Services conglomerate Sistema has denied media reports that it is negotiating with German chipmaker Infineon about taking an equity stake in the company.  Vladimir Putin has instructed politicians that the budget deficit must be less than 7.5% next year.  He has also put a price tag on regional housing ( a maximum of $950 per square meter.)  Canadian engineering group SNC-Lavalin has announced its purchase of ...

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Thursday July 30, 2009

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NRG Energy, Inc. (NYSE: NRG) today reported net income for the three months ended June 30, 2009 of $433 million, or $1.56 per diluted common share, compared to $127 million, or $0.48 per diluted common share, for the second quarter last year. The current quarter’s results benefited both from the May 1, 2009 acquisition of Reliant Energy, which contributed $233 million in after tax income in its first two months of NRG ownership, and from a $128 million after-tax gain on the sale of MIBRAG. Last year’s second quarter net income included a $168 million after-tax gain on the sale of Itiquira Energetica S.A., or ITISA. Income

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The UpTurn, Inc., under the leadership of founder and CEO Jeffrey Eckman, is combining real estate needs with lifestyle interests to create what some are calling the world’s first Web 2.0 real estate site. As a startup venture, the company is being capitalized with investments from private funding and capital markets, and is also receiving resources and support from another young company founded by Eckman, BGV (Blue Green Ventures).

BGV provides business development strategy and tactical services for early stage companies, with the goal of creating and expanding markets through innovative business models. The UpTurn is BGV’s primary focus, but the quality of BGV team members suggests a bright and diverse future for the company. Besides Jeff Eckman, who has over 15 years of Fortune 500 and business development experience, BGV management includes the following:

• Bernard DeCunha, Executive VP and General Manager,

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