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 user 2005-01-27 at 10:29:00 am Views: 124
  • #9913

    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
    wide margin.

    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.