When film goes digital
Eastman Kodak, boosted by the sale
of a remote sensing business and gains in digital photography, recorded a
sharply higher profit in the third quarter and beat Wall Street forecasts by a
Kodak grew into
an icon on the strength of its chemical-based film, paper and photofinishing
businesses but is now betting its future on the digital terrain — from cameras,
inkjet paper and online photofinishing to photo kiosks and minilabs, X-ray
systems and commercial printers.
As it makes the tough transition from analog to digital photography, Kodak is
slashing its payroll. By 2007, its work force is expected to drop by 12,000 to
15,000, from World War II-era levels of around 50,000.