"Investors seek to rewind Kodak" -- WSJ

We were talking about the future of Kodak recently...

The Wall Street Journal reports that a group of large investors is
pressuring Kodak to abandon the recently announced plans to shift heavily
toward digital technology and products. They contend that film is still
going to be profitable for a long time, and there's a lot less competition.

Copyright prevents me from actually posting the article, but maybe others
have seen it.

--
Clear skies,

Michael Covington -- www.covingtoninnovations.com
Author, Astrophotography for the Amateur
and (new) How to Use a Computerized Telescope

In article ,
"Michael A. Covington"
wrote:

We were talking about the future of Kodak recently...

The Wall Street Journal reports that a group of large investors is
pressuring Kodak to abandon the recently announced plans to shift heavily
toward digital technology and products. They contend that film is still
going to be profitable for a long time, and there's a lot less competition.

Copyright prevents me from actually posting the article, but maybe others
have seen it.

Hey Michael;

Are they large as in big & tall or are there alot of them,....or just that they
are the people with the most money? ;-)

In any event it sounds good.
Greg.

--


website:
http://members.bellatlantic.net/~gblank

Gregory W. Blank wrote:
: In article ,
: "Michael A. Covington"
: wrote:

: We were talking about the future of Kodak recently...
:
: The Wall Street Journal reports that a group of large investors is
: pressuring Kodak to abandon the recently announced plans to shift heavily
: toward digital technology and products. They contend that film is still
: going to be profitable for a long time, and there's a lot less competition.
:
: Copyright prevents me from actually posting the article, but maybe others
: have seen it.

: Hey Michael;

: Are they large as in big & tall or are there alot of them,....or just that they
: are the people with the most money? ;-)

: In any event it sounds good.
: Greg.

It may be good in the short run. The reality is that the market for film is
shrinking rapidly and the market for digital is growing even faster. The long
term survivability of Kodak may depend on them shifting their primary focus to
digital.
--




Keep working millions on welfare depend on you
-------------------

In article ,
Frank Pittel wrote:

It may be good in the short run. The reality is that the market for film is
shrinking rapidly and the market for digital is growing even faster. The long
term survivability of Kodak may depend on them shifting their primary focus to
digital.

Frank:

Stop being so dang negative,........I won't be giving up my film
cameras any time soon.

--


website:
http://members.bellatlantic.net/~gblank

Gregory W. Blank wrote:
: In article ,
: Frank Pittel wrote:
:
: It may be good in the short run. The reality is that the market for film is
: shrinking rapidly and the market for digital is growing even faster. The long
: term survivability of Kodak may depend on them shifting their primary focus to
: digital.

: Frank:

: Stop being so dang negative,........I won't be giving up my film
: cameras any time soon.


Who's being negative? I'm the eternal optimist!!! :-) As I've posted many
times before there will be film for our cameras as long as making film is
profitable. I do believe that if Kodak is going to survive as a company it
has to succeed in the digital world.

I still believe that film will be around for many years to come.
--




Keep working millions on welfare depend on you
-------------------

: Stop being so dang negative,........I won't be giving up my film
: cameras any time soon.

Film sales in the US declined 10% in 2002 (this is straight from Kodak's
annual report). Decline will probably be 15% in 2003 and accelerating.

Kodak can still be a profitable company with declining films sales, but it
can't still have 75,000 employees or keep its stock price where it is (even
at these lower levels). Merely surviving is not the objective if you happen
to be an employee or shareholder.