January 24, 2012
Your editorial "A sad 'Kodak' moment" of Jan. 21 clearly identified the problem that resulted in Kodak's bankruptcy as a lack of vision by the executives. As you pointed out, it's ironic that Kodak invented digital photography in 1976 but didn't move forward aggressively. Kodak's failure to capitalize on a technology that it invented is not the first example of an American company lacking the vision to fully develop products into marketable items. Ampex invented video recording only to see foreign companies such as Sony move the technology forward and capture the major share of the market while Ampex disappeared.
May 4, 1994
Largely abandoning forays into pharmaceuticals, household products and medical tests, Eastman Kodak Co. announced yesterday that it would adopt the strategy George Eastman formulated over 100 years ago and concentrate on pictures.Chief Executive Officer George M. C. Fisher, who came to the company from Motorola Inc. in December, said Kodak would sell its "noncore" businesses, including Sterling Winthrop Inc., which makes pharmaceuticals and over-the-counter drugs; L&F Products, which makes Lysol and other home and personal-care products, and the Clinical Diagnostics division, which produces medical testing devices.
December 27, 1990
A memorial service for Paul E. Pallett, 68, a photographer and retired Eastman Kodak Co. representative, will be held at 3 p.m. Saturday at his Chevy Chase home, 8605 Springdell Place.Mr. Pallet, who was bedridden with cancer, died at home Friday. The former Annapolis resident moved to Chevy Chase 10 years ago.Born in Cozad, Neb., Mr. Pallet moved east to attend the Rochester Institute of Technology in Rochester, N.Y. He graduated in 1949 with a bachelor of science degree in photography.Mr.
February 9, 2007
ROCHESTER, N.Y. -- Eastman Kodak Co. will eliminate as many as 5,000 more jobs than originally planned as it accelerates its withdrawal from the consumer film business. The world's biggest photography company said yesterday that it now expects job cuts to total 28,000 to 30,000, shrinking the work force to about half its size four years ago, compared with an earlier forecast of 25,000 to 27,000. That will boost restructuring costs to as much as $3.8 billion, Kodak said. Chief Executive Officer Antonio Perez is stepping up his restructuring plans to deliver on his promise to complete Kodak's transformation into a digital company this year amid slumping film demand.
June 25, 2001
WHEN I WAS eight, my parents gave me a Kodak Brownie Hawkeye, the simplest camera you could buy in 1955. All I had to do was look down through the prism viewfinder, find what I wanted to shoot, push the button and wind the film for the next shot. I was a great button-pusher, but that film-winding thing always gave me trouble. As a result, I could expect some amusing double, triple and even quadruple exposures on every roll. Mom and Dad thought they were a waste of film. I thought they were great art. With today's digital cameras, you don't have to worry about wasting film, because you can delete the shots that don't turn out before they see the light of day. Double exposures, of course, are a relic of the past.
August 7, 1993
NEW YORK -- Stocks closed higher yesterday, buoyed by a rally in shares of Eastman Kodak and by expectations that the Senate would approve President Clinton's compromise budget package.The Dow Jones industrial average rose 11.46 points, to 3,560.43, closing the week with a gain of 20.96 points. Kodak, which soared $3.25, to $58.625, on the company board's decision to replace Kodak's chairman, Kay Whitmore, accounted for about 8 points of the Dow's increase. The Dow stands a few points below its record closing high of 3,567.