Word: kodaking
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...Well, Kodak has worked out a plan so that everyone who owns a camera can send it back for a $50 coupon to buy other Kodak products...
...there are nearly 17 million Kodak instant cameras out there and thousands of them are pouring into the Kodak warehouses every day. Kodak isn't sure what to do with them...
...idea is that a missile moving six miles per second would destroy itself on impact with one of the Kodak cameras...
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...
...Kodak, which suffered a 27% profit decline during the first nine months of 1985, blamed product-development costs and foreign competition. Kodak's profits were further hurt by the strength last year of the U.S. dollar, which raised the company's prices overseas...