Date: Thursday October 23, 2003 10:54:00 am
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KODAK PROFIT FALLS, CEO DEFENDS STRATEGY
Eastman Kodak Co. on Wednesday posted a 63 percent drop in third-quarter Earnings and defended its plan to shift away from its declining film business and into digital pictures despite an outcry from disgruntled investors.
Rochester, New York-based Kodak, the world’s top maker of photographic film, which last month announced a dramatic strategy shift toward digital printing and away from traditional film, said profit in its key photography and health imaging segments fell, despite sales gains. color=#0000ffRead More
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