Even in bankruptcy, Kodak boasts some enviable strengths: a golden brand, technology firepower that includes a rich collection of photo patents, and more than $4 billion in annual sales of digital cameras, printers, and inks.
Eastman Kodak Co. scrapped its dividend and trimmed the salaries of top executives Thursday, blaming the global economic downturn for a wider first-quarter loss and sliding sales of digital cameras and other photography products. Its stock fell 15 percent.
Eastman Kodak Co. said Thursday its second-quarter profit fell 14 percent as digital inkjet-printer in-vestments and higher costs for raw materials offset a hefty tax settlement gain.
August 01, 2008
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