Stock Market News & Stocks to Watch from StraightStocks » Kodak

Kodak Reports a Big Decline – Analyst Blog

Zacks Market Commentaries — Thu, 29 Oct 2009 19:20:00 +0000

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, primarily as a result of the global recession and continued restrictions in the credit markets that are dampening commercial printing purchases. Revenues from the company’s traditional business decreased 25% to $572 million, in line with the industry decline.

For the full year, Kodak expects its total revenues to decline by 12% to 18% year over year. However, expects an improvement in the fourth quarter results compared to the year-ago quarter.

The company’s ability to achieve significant improvement in fourth quarter results is predicated upon a modest improvement in the market for its consumer and commercial products, the introduction of new, higher-margin digital cameras and devices, stronger demand for its products, and the benefits from a number of intellectual property transactions executed in a manner that maximize shareholder value. Consistent with its seasonal trend, the company expects cash and earnings performance to improve significantly in the fourth quarter.
Read the full analyst report on "EK"
Zacks Investment Research

MMR Information Systems (MMRF.OB) Calms the Media Storm over EMR Implementation

QualityStocks — Wed, 28 Oct 2009 15:38:25 +0000

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 [...]

DrStockPick.com Stock Report! 10/28/09, TLVT, CSRH, EK, WHR, PEG, COYN

Dr. Stock Pick — Wed, 28 Oct 2009 13:03:49 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Wednesday October 28, 2009 DrStockPick.com Stock Report! ************************************************************** 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 [...]

Kodak Closes Private Placement – Analyst Blog

Zacks Market Commentaries — Fri, 25 Sep 2009 19:47:00 +0000

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 million financing transaction. The sale of $400 million in convertible senior notes means that Kodak will sell $300 million in aggregate principal amount of senior secured notes due in 2017, to Kohlberg Kravis Roberts & Co. L.P. (KKR) managed investment vehicles. As part of that transaction, Kodak will issue to KKR warrants to purchase 40 million shares of Kodak common stock.

Kodak intends to use the net proceeds from these transactions to repurchase its 3.375% convertible notes due in 2033 through a tender offer and for general corporate purposes.

This move is going to strengthen the company's balance sheet and free up capital for core investments, which in turn will strengthen its business. However, in July, Kodak posted its third consecutive quarterly loss as the global economic downturn hurt sales of digital cameras, film and other photography products.

Read the full analyst report on "EK"
Zacks Investment Research

As The Economy Suffers, Private Equity Steps Up To The Plate

Terence Chan — Thu, 17 Sep 2009 08:47:00 +0000

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HP Launches New Print Apps – Analyst Blog

Zacks Market Commentaries — Thu, 10 Sep 2009 18:03:10 +0000

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 to $199 through Staples Inc. (SPLS), Best Buy (BBY), Office Depot (ODP), OfficeMax (OMX) and Amazon.com (AMZN) stores.

Hewlett-Packard also announced a host of partnerships with AOL to get Tabbloid publishing services to its sites. Moreover, it entered into an agreement with Yahoo’s (YHOO) Flickr to expand print services through Snapfish by HP.

HP's most profitable business is the Imaging and Printing Group, which boosted revenue by 6.4%, resulting in an operating margin of 15.6% in fiscal 2008 — the highest across all segments. The company is also the largest seller of printers (31% of total sales), with a 41% share of the global market. HP’s new printing solution bolsters its efforts to target the estimated $663 billion print production page value opportunity projected for 2010.

While printing is a growth area for the company, we believe the significant pricing pressure on the hardware for printers may hurt its profitability in future. We thus remain concerned about the long-term growth prospects of the printing unit.

Moreover, HP faces intense competition in its printer business from Lexmark International Group (LXK), Epson and Canon (CAJ). It is also up against Kodak (EK), which plans to increase its share in the printer market with the launch of a new digital-inkjet printer, Stream, next year. Therefore, we maintain our Neutral rating on HP.

Read the full analyst report on "HPQ"
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Read the full analyst report on "LXK"
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Read the full analyst report on "EK"
Read the full analyst report on "YHOO"
Zacks Investment Research

Eastman Kodak Co. (EK) Signs MMR Information Systems, Inc. (MMRF.OB) as Independent Software Vendor

QualityStocks — Fri, 21 Aug 2009 14:04:45 +0000

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 [...]

Today in Russian Business – August 17, 2009

Robert Amsterdam — Mon, 17 Aug 2009 08:48:52 +0000

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...

DrStockPick.com Stock Report! 7/30/09, NRG, EK, WNI, WZE, ALLI, FDML

Dr. Stock Pick — Thu, 30 Jul 2009 11:53:51 +0000

DrStockPick.com Stock Report! Thursday July 30, 2009 ************************************************************** 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 [...]

The UpTurn (UPTR.PK) Receives Support from High Powered Team at BGV

QualityStocks — Mon, 22 Jun 2009 20:04:10 +0000

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 [...]

The UpTurn Inc. (UPTR.PK) Led by a Strong Management Team

QualityStocks — Mon, 15 Jun 2009 15:49:35 +0000

The UpTurn Inc. is developing an innovative online real estate matchmaking exchange where residential real estate market participants are matched with each other based on their individual profiles and intended roles in the market. The UpTurn intends to serve all participants in the residential real estate industry. The company is led by a very strong management [...]

Ride this Cash-Rich Oil Major to Mega Profits

Contrarian Profits — Tue, 03 Feb 2009 19:36:55 +0000

Oil prices are down over 60 percent from their peaks just last summer. With the economy crumbling across the globe, most investors think buying an oil company is the same as suicide. But not Adam Lass, writing for the Taipan Publishing Group. He readily points out that ExxonMobil made $45.2 billion in pure profits last year alone. For a company producing enormous amounts of cash in a “Cash is king” economy, he recommends you stay long ExxonMobil.

Aspire Misery Index for the Week Ended January 30, 2009 (updated Friday a.m. Jan. 30)

Small Cap Pulse — Fri, 30 Jan 2009 22:57:00 +0000

Aspire Misery Index for the Week Ended, January 30, 2009 Another week chalked with downbeat earnings performance, profit warnings, and further indications of economic erosion here in the U.S., and abroad is almost behind us, and now we can start focusing on the Super Bowl. Here is a list of bullets to consider when setting expectations for stock, portfolio and indices performance (not 100% comprehensive but a pretty good gauge of this weekrsquo;s lowlights in the U.S. economy): GDP ndash; The U.S. economy contracted by 3.8% in the Q4, the most since 1982. The good news is that economists were expecting the number to come in at 5.4%. For 2008, GDP growth was 1.8%. Consumer Spending ndash; dropped by 3.5% last quarter following a 3.8% in the prior quarter. Durable Goods ndash; durable goods orders fell for the fifth straight month in December by 2.6%. Economists had expected a 2% decline. Orders fell 5.7% for the year, the second biggest decline on record. Retail Industry ndash; The National Retail Federation released a forecast for retailers in 2009 to record a 0.5% drop in revenue. Sales for the first half of 2009 are expected to decline by 2.5%, then a 1.1% decline in Q3 and a 3.6% increase in Q4. Auto Industry ndash; The National Association of Auto Dealers expects sales of at least 12.7 million vehicles in the U.S. this year. Mitsubishi extended the downtime at its Illinois factory for an extra five weeks. A irline Industry ndash; The International Air Transport Association said the industry lost $5 billion in 2008 on lower traffic.nbsp;nbsp; Mobile Phone Industry - Global mobile phone market will shrink 9% in 2009, its first decline since 2001 and with the first half set to be especially grim, Strategy Analytics said. Job Cuts ndash; Caterpillar (20,000 jobs), Sprint Nextel (8,000 jobs), Deere (700 jobs), Home Depot (7,000 jobs), GM (2,000 jobs), Wyeth (8,000 jobs ndash; on consolidation from Pfizer purchase), Brooks Automation (350 jobs, or 20% of workforce), Corning (3,500 jobs), Quiksilver (200 jobs), Weyerhauser (221 jobs), STM Microelectronics (4,500 jobs), IBM (estimated 4,000 jobs), Target (1,000 headquarters jobs),nbsp; Volvo (laying off 650 at Virginia plant), JL French Automotive Castings (300 jobs), Starbucks (7,000 more jobs), Citrix (about 462 jobs), Boeing (10,000 jobs), Jabil Circuit (3,000 jobs), AOL (700 jobs), nbsp;Wet Seal (41 jobs), Readerrsquo;s Digest (about 280 jobs), Revel (lays off 400), Pacific Sunwear (57 jobs), Analogic (140 jobs), Kodak (3,500 to 4,500 jobs), Black amp; Decker (1,200 jobs), Teradyne (14% of workforce), Bon-Ton (1,150 jobs), Cessna (2,000 jobs), AstraZeneca (another 6,000 jobs), New Jersey hospital system (cutting 180 jobs), Caterpillar (added 2,100 more jobs to its already announced 20,000 jobs), Unemployment ndash; The Conference Board said unemployment could rise to 9%. Nevadarsquo;s jobless rate reached 9.1% in December. Unemployment in Kansas rose to 4.9% in December from 4% the year prior. Coloradorsquo;s unemployment rate in December hit 6.1%. South Carolinarsquo;s unemployment rate rose to 9.5%. Indianarsquo;s unemployment rate rose to 8.2% in December. Arkansasrsquo; unemployment rate rose to 6.2% in December. Mainersquo;s unemployment rate rose to 7% in December. Montanarsquo;s unemployment rate rose to 5.4% in December. West Virginiarsquo;s jobless rate is expected to increase to between 8.7% and 9.5% by the last quarter of 2009. The Labor Department reported that weekly jobless claims rose to 588,000 while the continuing claims rose to an all-time high of almost 4.8 million. Nebraska unemployment rose to 4% in December. nbsp; Profit Warnings ndash; Caterpillar, Applied Industrial Tech, Eaton, Max Capital Group, Moog, McGraw Hill, Quanex, Lexmark, Jacobs Engineering, U.S. Steel, AK Steel, Yahoo, Total Systems, Rayonier, ATamp;T, McCormick, Tyco, Norsk Hyrdo, Cirrus Logic, Baker Hughes, Canon, Qualcomm, Textron, Oshkosh, NEC, Honda, Hitachi, Credit Ratings ndash; Fitch lowered Johnson Control ratings, Moodyrsquo;s downgraded Sealy, Samp;P cut Ryder System, Samp;P and Moodyrsquo;s cut Blythrsquo;s ratings, Samp;P cut rates on PPL Corp and PPL Electric, Samp;P cut ratings on SunTrust Banks, Samp;P cuts Hexion, Moodyrsquo;s cuts Intrsquo;l Game Technology, Samp;P cut Golden Nugget, Chapter 11 ndash; Hartmarx (Obamarsquo;s suit maker), Smurfit-Stone, Closing the Doors ndash; Weyerhauser is closing two mills in southwestern Washington, Starbucks is closing 300 stores, Venture Capital ndash; Investments in Q4 fell by 33% Y/Y to $5.4 billion.nbsp; Investment into biotech and medical device companies fell 31% Y/Y to $1.6 billion. Investment into software companies fell by 28% Y/Y to $1 billion. The only sector bucking the trend was alternative energy and clean tech, which raised $908.2 million in the Q4, up 26% over the same period last year. For the full year, VC invested $28.3 billion, down 8% Y/Y. State Budgets ndash; Nevadarsquo;s unemployment rate rose to 9.1% in December; Home Sales ndash; Existing home sales rose 6.5% in December while the median home sales price fell 15.3% Y/Y to $175,400. For 2008, homes sales were down 13% TO 4.9 million homes, the lowest level since 1997. The National Association of Realtors said southern existing home sales fell almost 7% in December on a Y/Y basis, while the median sales price fell 8% to $158,600; existing home sales in the Midwest fell almost 5% in December on a Y/Y basis and the media sale price declined to $140,800. The Commerce Department reported new homes fell 14.7% in December to the slowest pace since 1963. The median price of new homes sold in December was $206,500, a decline of 9.3% Y/Y. Home Prices - Samp;P Case/Shiller index reported that home prices in 20 U.S. cities declined by 18.2% in November on a Y/Y basis. Ken Rose, UC Berkeley Economist projected home prices to slide 6% in 2009. Leading Indicators ndash; The Conference Boardrsquo;s monthly forecast of economic activity increased 0.3% in December. Stock Dividends ndash; the AP reported that dividends are being cut at the fastest pace in at least 50 years. Colleges ndash; universities are cutting budgets, and college endowments are down 3% in the fiscal year ending June 30, 2008, and in the first five months of FY2009, endowments are down 23% (source: TIAA-CREF and NACUBO). Tourism ndash; The U.N. World Tourism Organization said global tourism could decline by up to 2% in 2009. Hawaiirsquo;s tourism industry saw a 16.5% decline in December, and 10.8% for the year. pa href="http://feeds.feedburner.com/~a/smallcappulse/feed?a=13Fjnk"img src="http://feeds.feedburner.com/~a/smallcappulse/feed?i=13Fjnk" border="0"/img/a/p

Global Investing Roundups Friday, October 31st, 2008

Contrarian Profits — Fri, 31 Oct 2008 15:55:02 +0000

AmEx Cuts 7,000 Jobs; Oil Down on GDP; Governors Lobby Gov. on Auto Industry; Motorola Downsizes; Kodak Results Less Than Picture Perfect; Waste Management Recession Resistant

American Express Co. (AXP) said yesterday (Thursday) that it plans to cut 7,000 jobs, or 10% of its global work force, in an effort to reduce costs by $1.8 billion in next year, The Associated Press reported. The company will also suspend management-level salary increases next year and institute a hiring freeze. American Express has reported four straight quarters of profit declines.

Oil prices fell more than 2% yesterday (Thursday), after economic data showed a 0.3% decline in gross domestic product (GDP). Light, sweet crude fell $1.54 at settle $65.96 a barrel, after trading as high as $70.60…

Global Investing Roundups Friday, October 31st, 2008

Contrarian Profits — Fri, 31 Oct 2008 15:55:02 +0000

AmEx Cuts 7,000 Jobs; Oil Down on GDP; Governors Lobby Gov. on Auto Industry; Motorola Downsizes; Kodak Results Less Than Picture Perfect; Waste Management Recession Resistant

American Express Co. (AXP) said yesterday (Thursday) that it plans to cut 7,000 jobs, or 10% of its global work force, in an effort to reduce costs by $1.8 billion in next year, The Associated Press reported. The company will also suspend management-level salary increases next year and institute a hiring freeze. American Express has reported four straight quarters of profit declines.

Oil prices fell more than 2% yesterday (Thursday), after economic data showed a 0.3% decline in gross domestic product (GDP). Light, sweet crude fell $1.54 at settle $65.96 a barrel, after trading as high as $70.60…

Earnings results and economic reports – Week 44.

Vlada Kynsky — Mon, 27 Oct 2008 12:05:00 +0000

Monday:
Economic New Home Sales (450K)
Earnings Arch Coal (ACI), Humana (HUM), FPL (FPL), Sohu (SOHU), Tidewater (TDW), Verizon (VZ), Atheros (ATHR), CF Ind (CF), Meritage (MTH), Vertex (VRTX), Zoran (ZRAN), Universal Health (UHS)

Tuesday:
Economic Consumer Confidence (52.0)
Earnings Boyd (BYD), BP (BP), Ceradyne (CRDN), KC Southern (KSU), Royal Carib (RCL), SAP (SAP), Schnitzer (SCHN), US Steel (X), Under Armour (UA), USG (USG), Valero (VLO), Whirlpool (WHR), Apollo (APOL), Centex (CTX), Cephalon (CEPH), Fiserv (FISV), GMarket (GMKT), Lan Air (LFL), McKesson (MCK), NetLogic (NETL), Walter (WLT), Websense (WBSN), STMicro (STM)

Wednesday:
Economic Weekly Crude, Durable Orders (-1.0%), FOMC Statement
Earnings Aetna (AET), AGCO (AG), Comcast (CMCSA), Corning (GLW), Hess (HES), Garmin (GRMN), Legg Mason (LM), Moody’s (MCO), Newmont (NEM), SPX (SPW), Tesoro (TSO), Agnico (AEM), Cliffs Nat Res (CLF), CME Group (CME), First Solar (FSLR), Gen Cable (BGC), Hartford (HIG), Harris (HRS), Murphy (MUR), Prudential (PRU), Symantec (SYMC), Visa (V)

Thursday:
Economic Weekly Claims (473K), GDP & Chain Deflator (-0.5%, 4.0%)
Earnings AmerisourceB (ABC), Barrick (ABX), BJ Services (BJS), Carbo C (CRR), CIGNA (CI), Com Metals (CMC), CVS (CVS), Kodak (EK), Exxon (XOM), Intl Paper (IP), Marathon Oil (MRO), Motorola (MOT), Shaw (SGR), Waste Mgt (WMI), Chesapeake (CHK), Dynamic Matl (BOOM), Elect’ Arts (ERTS), Gen-Probe (GPRO), KLA-Tencor (KLAC), Massey (MEE), Oceaneering (OII), O’Seas Ship (OSG), Sequenom (SQNM), Sun Micro (JAVA), Varian Semi (VSEA), Wynn (WYNN), XL Cap (XL)

Friday:
Economic Inc & Spend (0.1%, -0.2%), EC Index (0.7%), Chicago PMI (48.0), Michigan (57.5)
Earnings Alliant (LNT), Barnes (B), Burger King (BKC), Chevron (CVX), Clorox (CLX), Cummins (CMI), Goldcorp (GG), Healthspring (HS), MDU (MDU), NYSE Euro (NYX), Progress Energy (PGN), Weyerhaeuser (WY)

PhotoChannel Networks Inc. (PN.V) Reports Record 3rd Quarter Revenue

QualityStocks — Wed, 27 Aug 2008 17:46:15 +0000

PhotoChannel Networks Inc. (PN.V) is a leading provider of digital photofinishing solutions, specifically the processing, storing, uploading, and sending of digital photos to retailers for printing. In addition, the company can provide retailers with a comprehensive digital photofinishing offering, including online at home, in store kiosks, and mobile solutions. Over the past few years, PhotoChannel has [...]

Olympic Stocks

Fred Fuld — Tue, 12 Aug 2008 02:55:00 +0000

The 2008 Summer Olympics are here, and there are several publicly traded companies that are official Worldwide Olympic Sponsors. If you think that being connected to the Olympics can help these companies, it may be worth taking a closer look at these stocks.

Coca Cola (KO) is the famous beverage company. The stock has a PE of 22 , a PEG of 1.9 and pays a yield of 2.70% .

General Electric (GE) the conglomerate involved in technology, media, and financial services. The stock has a PE of 14 , a PEG of 1.22 and pays a yield of 4.20% .

Johnson & Johnson (JNJ) famous for its Bandaids, makes and markets various health care products. The stock has a PE of 17 , a PEG of 1.98 and pays a yield of 2.60% .

Kodak (EK) makes and sells photography and digital imaging products. The stock has a PE of 8 , a PEG of 9.59 and pays a yield of 3% .

Lenovo Group (LNVGY.PK) makes and sells technology products and services. The stock has a PE of 13 and pays a yield of 4.70% .

Manulife (MFC) is a life, group life and health insurance company. The stock has a PE of 14 , a PEG of 0.96 and pays a yield of 2.80% .

McDonalds (MCD) is the operator of McDonalds fast food restaurants. The stock has a PE of 17 , a PEG of 1.57 and pays a yield of 2.30% .

Visa (V) is the credit card processing company. The stock has a PE of 27 , a PEG of 1.42 and pays a yield of 0.60% .

If you want an Excel database of all the publicly traded Worldwide Olympic Sponsors, along with the Sponsors, Exclusive Suppliers, and Beijing 2008 Partners, a total of 18 stocks, go to WallStreetNewsNetwork.com.

Author owns KO, MCD, and V.

By Fred Fuld at Stockerblog.com

Global Investing Roundups

Money Morning — Tue, 24 Jun 2008 23:37:39 +0000

Kodak Announces $1 Billion Buyback; Kroger Lowers Prices, Posts Profit; BP Breaks Ground on Wind Farm; Reliance and Dreamworks in Talks; Lukoil Joins Up With Italy’s ERG; Wachovia Brings in... Money Morning is here to help investors profit han...