Silicon Graphics to use Kodak Photo CD's; for a troubled maker of film, an application of a new technology

Article Abstract:

Eastman Kodak Corp announces an agreement with Silicon Graphics Inc to make all Silicon Graphics image-processing workstations capable of accepting Kodak Photo CD optical disks. A Silicon Graphics spokesperson says the agreement could spur consumer acceptance of Photo CD technology. Kodak introduced the Photo CD format in fall 1992 as a means of warding off the threat electronic cameras pose to its film business. While electronic cameras produce relatively low-resolution images, Photo CDs store the high-quality images created by conventional film cameras at resolutions of 6 million picture elements per image. Each Photo CD can store up to 100 35-mm photos. Kodak's outside directors have been pressuring the company to cut costs and lay off workers recently. Chmn Kay R. Whitmore was dismissed for his failure to cut deeply and quickly enough. One project Whitmore refused to axe produced the Photo CD.

Electronic computers, Computer peripheral equipment, not elsewhere classified, Computer industry, Contracts, Silicon Graphics Inc., SGI, Compact discs, Product introduction, Workstations (Computers), Workstations, Strategic Planning, Cooperative Agreements, New Technique, Financial Stability, Marketing Agreements

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New Kodak system for showing photos on TV; a compact disk stores an image as sharp as 35-millimeter film

Article Abstract:

Eastman Kodak Co plans to develop a system for storing photographs on compact discs and displaying them on television sets and computer screens. The centerpiece of the new system will be a new compact disk player that will read digitized images from a disk and display them on a screen. The new device, which will also play audio-only CDs, is expected to sell for under $500 when it comes to market in 1992. Users would process film from a conventional 35-millimeter camera as usual, but besides getting back prints and negatives, they would have an option to have images stored on disk. Kodak expects the cost of such an additional service to be under $20 for a 24-exposure roll of film. The processing equipment is expected to cost less than $100,000. Each compact disk holds about 100 pictures. Kodak officials say they anticipate important implications for desktop publishing and printing industries.

Prerecorded records and tapes, Equipment and supplies, Desktop publishing software, Desktop publishing, Printing industry, Compact disc players, Image processing, Photographic equipment, Photographic supplies, Compact disc players and recorders, DTP Software

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Kodak posts improved earnings; rise in quarter comes despite Polaroid costs; share price falls to $44

Article Abstract:

Eastman Kodak Co announces strong earnings for its 4th qtr of 1990 despite a $564 million after-tax charge the company took to settle a patent-infringement case with Polaroid Corp. Investors on Wall Street were not satisfied with the 4th qtr 1990 results and moved the stock down $2.25 a share to close at $44 a share on Feb 6, 1991. Kodak earned $326 million, or $1.01 a share, for the 4th qtr of 1990, compared with a loss of $60 million in the same period in 1989. Sales for the 4th qtr of 1990 were up 5.5 percent from the preceding year to $5.15 billion from $4.88 billion. Earnings for the entire 1990 year reached $703 million, or $2.17 a share, which is up 32.8 percent from 1989 where earnings were $529 million, or $1.63 a share.

Finance, Profits, Financial Analysis Software, Profit, Financial Report, Fourth Quarter

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