Word: kodak
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Dates: during 2000-2009
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...kodak chief executive officer Daniel Carp focus the future of photography for you just as sharply as he can: for all the talk about the digital revolution, the rumors about the death of film?and along with it, Kodak?have been greatly exaggerated. Sure, a growing number of shutterbugs are capturing pictures on microchips instead of silver halide. But more than 90% of us, he points out, are still happily taking shots the 19th century...
...Even as more people switch to digital cameras to share and edit photos online, Carp adds, they are going to need Kodak's paper, chemicals and technical savvy to complete the picture and make great prints. And in key emerging markets like China and India, where a digital camera can cost a month's salary, film will remain king for a long time. In the U.S., single-use film cameras are flying off the shelves as never before...
...leader," says Carp, a tall, hulking, 30-year Kodak veteran and an avid hoops player who took over the helm from George Fisher more than a year ago. "You trust your memories to a brand synonymous with pictures...
...Kodak's strategy of playing at both ends of photo technology isn't developing as planned. Last month Big Yellow, blaming a flagging film market on the U.S. economic slump, announced that its first-quarter net earnings were off almost 50% from the prior year. More troubling to Wall Street was that Kodak, citing the soft outlook, backed away from its previous forecasts for the second half of the year. "These are my picture takers that companies are laying off," Carp told analysts. Kodak is adding to the pile too. As part of its streamlining, the company will...
Unlike Fuji, which views the Net as just another outlet for its retailers, Kodak is making a concerted effort to grab online photo consumers. To Kodak's eye, info imaging, as it has dubbed the digital space, remains more of an opportunity than threat, representing a vast market worth $225 billion, catering to everyone from real estate brokers to doctors who want to incorporate digital photos into their work. "Images," says Patricia Russo, a former Lucent executive who has just joined Kodak as its president, "are the most powerful form of communication...