Word: kodaks
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After IBM and General Motors announced last month that they planned to sell off their operations in South Africa, speculation quickly began over which big U.S. manufacturer would be next to go. Last week Eastman Kodak joined the growing list of departing companies, but Kodak went further than any other firm. The world's largest film and camera maker said it will not only sell its South African business, as other companies have done, but will refuse to sell any products to South African customers. Word of Kodak's withdrawal came one day after a three-week strike ended...
...race is on. No one wants to be left behind," says Ben Zour, senior analyst for strategic information at Eastman Kodak. The list of contenders in the research-and-development scramble reads like a Who's Who of U.S. high tech: Du Pont, IBM, 3M, Texas Instruments, NCR and GTE, among many others. AT&T is a giant in the field; its Bell Laboratories, with a research budget of some $2 billion annually, now conducts more research in optics than in its original core pursuit of electronics...
...girls in spandex and spangles boogied decorously. Mickey and Minnie Mouse arrived in matching silver-and-rainbow Captain EO garb. The film's opening will also be celebrated in a one-hour NBC special this Saturday. All the hoopla underscored the magnitude of the gamble by Disney and Eastman Kodak, which split the movie's costs. At $20 million or so for the film and its laser effects, Captain EO is, minute for minute, the most expensive movie in history...
...example of Walt Disney, and Epcot's emporiums are already filled with replicas of such cuddly EO creatures as Hooter (an oboe-nosed elephant), Fuzzball (a scarlet monkey butterfly) and the Geex, Idy and Ody (sort of Siamese-twin Wookies). Nor is the film a reckless investment for Kodak. The previous attraction in the company's Magic Eye Theater, a 3-D film called Magic Journeys, was seen by 19 million people in less than four years. Asked how long EO will run, a Disney spokesman replies, "EOns." Walt Disney and George Eastman might shudder at the expense...
Canon's new system, by no means cheap, is initially aimed at professionals. The price tag for the SVS is $35,800, and Canon expects that in the first year demand will be limited to about 1,000 units. But Sony and competitors like Nikon and Kodak are developing similar equipment, and industry experts say an all-electronic system costing under $10,000 is five to ten years away. Says Eugene Glazer, a technology analyst at Dean Witter Reynolds: "Canon has developed a technology that will one day make conventional cameras obsolete...