Word: kodaks
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Dates: during 2000-2009
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...like change," says Eastman Kodak CEO Daniel Carp. "I'm one of those people that has to have change." Good thing, because Kodak has had plenty of it. Carp is now well into the monumental task of dragging the iconic American company that invented consumer photography more than a century ago into the fast-moving, low-margin world of the digital era. He has little choice. As digital cameras have grown in popularity, Kodak's profitable film business has gone into free fall. Not the first Kodak CEO to try to refocus the company on the digital future, Carp...
Today such skepticism on the Street, if far from gone, is tempered by pleasant surprise. A year after Carp launched the restructuring, Kodak has lined up a respectable portfolio of increasingly lucrative digital products and services. The company, based in Rochester, N.Y., lost $12 million in the last quarter of 2004, but that was largely because of restructuring costs. Meanwhile, its revenues actually climbed 3%, to $3.8 billion, in that period--the 16% decline in Kodak's traditional film business offset by a 40% surge from its digital sales and services. Yet there remain ample reasons for doubt...
...sales are expected to soar 39% this year, according to research firm IDC. And since introducing in 1996 the DSC-F1, one of the first affordable digital cameras, Sony has gone on to capture an industry-leading 18%. Canon is close behind with 16%, and Olympus and Kodak have 13% and 12%, respectively...
...other to snap a nice pictorial record for her scrapbook, she lost her digital camera right next to her self-respect somewhere in the beer sodden recesses of the Fox basement. But on the bright side, Garner can now order prints of herself from the Kodak website...
...driving one himself and selling coffee and cakes to workers in a Long Island City truck yard. The wiseguy soon became a wide guy. "He'd eat half the sweets on his truck," says ex-FBI agent Colgan. Government witnesses at his '87 trial said Massino fenced merchandise, from Kodak cameras to electric appliances, that workers stole from the platforms and loaded onto his truck. By the '70s, he had allegedly expanded his operation into a truck-hijacking racket. With connections at airports and on the waterfront, say feds, he and his crew would flag down trucks, usually prearranged "give...