Word: kodak
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Dates: during 1980-1989
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...Kodak's disc camera was built around a fool-proof concept: a film cartridge containing a disc of 15 tiny frames. But after selling 25 million disc cameras since 1982, Kodak said last week that it has suspended production. While the company has promised to keep making film for the cameras, photo experts believe Kodak is ditching the disc design for good. Sales of the cameras, while brisk at first, slumped to fewer than 2 million last year. The disc's fatal flaw is its minuscule negatives, which tend to produce grainy snapshots. That handicap has become even more glaring...
...nearly a century the name Eastman Kodak has been almost synonymous with photography. But in recent years the Rochester company has branched out into fields as far-ranging as computer disks and batteries. Last week Kodak made its most sweeping diversification move yet. The firm agreed to pay $5.1 billion to acquire Sterling Drug, the maker of such popular products as Bayer aspirin and Lysol cleaners. New York City-based Sterling welcomed the agreement as a way of escaping a takeover bid by F. Hoffmann-La Roche, the Swiss drug company...
...deal underscores Kodak's swift financial turnaround. In 1985 and 1986 the company suffered six straight quarters of declining profits, but in the first nine months of 1987 earnings more than tripled from the same period the previous year, to $936 million...
...since the London Exchange had not fared as badly as Wall Street. But even as Lynch was deciding what to sell, he was overcome by a bold urge to buy. "I was expecting a major rally the next day," he says. Prominent on his shopping list were Merck, Eastman Kodak and Pacific Telesis...
Finally, no sampling of cookbooks would be complete without one of the genre's inevitable celebrity offerings. A typically vacuous entry this season is The Jill St. John Cookbook (Random House; 259 pages; $19.95), a bit of fluff that begins with the actress's expression of gratitude to Eastman Kodak for providing film and processing. "Thanks, Kodak!" she says, and well she might, for the collection of glistening photographs, mostly of the monthly food columnist herself, are this volume's main, albeit limited, attraction...