Word: esteli
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While it remains the world's leading maker of photographic equipment, Kodak (est. 1985 sales: $10.6 billion) has been suffering a string of negative developments. In January the company lost a patent-infringement suit brought by Polaroid, and dropped out of the instant-camera market. Last week Kodak announced that weak 1985 earnings will compel it to eliminate 10% of its 129,000 jobs. The company also plans to cut out raises for 130 top executives in 1986 and to reduce overall spending...
...Domine est requiem...
...products like disk-film cameras have been lackluster, and videotape recorders have become strong competitors for the consumer dollar. Against this dim background, Minolta has been a bright performer. The Japanese firm's Maxxum, which focuses automatically and sells for about $350 with a basic lens, has turned Minolta (est. fiscal-1985 sales: $975 million) into the No. 1 producer of 35- mm single-lens reflex (reflected-image) cameras, which account for a third of the worldwide camera market. "This is one of those epochmaking products that come out once in a decade," says Motohiko Kimura, director of research...
...have long been able to buy inexpensive point-and-shoot cameras, but the Maxxum was the first fully automated single-lens reflex product to enable people to take high-quality 35-mm pictures with high-technology ease. Now the year-old Maxxum is attracting rivals. Last week Nippon Kogaku (est. fiscal-1985 sales: $940 million), the maker of Nikon, became the first firm to announce a comparable alternative to Minolta's pioneering model. Like the Maxxum, the Nikon N2020 will use two microchips and a tiny motor inside the camera to focus automatically. The camera, which will be priced...
...Aquino, in a statement released 10 hours after polls closed at 3 p.m. yesterday (2 a.m. EST), said, "The trend is clear and irreversible. The people and I have won and we know...