Kodak is aiming Photo CD concept at business firms
Article Abstract:
Kodak signs contracts with L.L. Bean Inc and Homes Land and Publishing Corp to utilize its Photo CD image processing equipment to distribute catalogs that can be viewed on televisions or microcomputers. Kodak will scan L.L. Bean catalog images onto disks that will be mailed to consumers for viewing on home video systems. Additionally, Kodak is developing software that will allow consumers to access the images via microcomputer. Kodak has agreed to work with Homes to make property images available on a network, managed by Kodak Picture Exchange, that consumers can access via modem. Kodak hopes consumers will respond to graphical images and sounds as a shopping incentive. Some industry analysts counter that, because the technology requires expensive equipment and because accessing the images may not be interesting, Kodak may have difficulty making Photo CD a success.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Kodak focuses on promotion of Photo CD
Article Abstract:
Eastman Kodak Corp is planning a heavy advertising and promotion campaign to push its Photo CD product. The company hopes that consumers who were brought up with glossy photographs of family and friends will find a need for watching photos on television with the ability to crop and zoom as desired. Users can take photos as they always have, but at the time of development film can be transferred to a disk that can only be played using a Kodak Photo CD player. A roll of 24 pictures will cost $20 to be transferred to a disk. The Photo CD players cost $450 and $550 and also play music compact disks. Kodak hopes to boost sales with the product and hopes to prove it is still the premier photography innovator in the industry.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Kodak reports 4th-quarter net of $326 million; but turnaround from '89 doesn't satisfy analysts, who cut '91 estimates
Article Abstract:
Eastman Kodak Co reports a 4th qtr 1990 net income of $326 million, or $1.01 a share, compared with a loss of $60 million in the same period in 1989. The photography supply company's earnings fell short of analysts' projections, which ranged between $1.01 to $1.10 a share for the 1990 4th qtr. Kodak indicated that the 1991 forecast of $4.25 a share is optimistic; the news sent the stock down $2.25 a share to $44 a share on Feb 6, 1991. Kodak had net income of $703 million, or $2.17 a share, for the entire 1990 year, which includes a one-time, after-tax charge of $564 million for a patent-infringement settlement case with Polaroid Corp. Net income in 1989 was $529 million, or $1.63 a share.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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