Word: kodaks
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...they cost much less than shares of stock. Thus profits made on options in recent weeks have been spectacular. Between Friday, April 7, and last Friday's close, IBM options jumped from $2 to $10.50, a 425% increase; General Electric's rose 475%, from 50? to $2.87; Kodak's jumped 470%, from...
...instants, for instance, Polaroid outdistances Kodak...
Gardiner decided yesterday to abstain on a shareholder resolution in Eastman Kodak that would end sales of the company's photographic equipment to the government of South Africa, because "I was not well informed enough about it to vote...
...recommendations. When the subcommittee does disagree with the ACSR, it is usually to change a vote for or against a resolution to an abstention, although occasionally the Corporation has changed a yes vote into a no vote. The most recent shareholder resolution of note was one to force Kodak to stop photographic equipment sales to South Africa, which both the ACSR and the Corporation passed. The resolution will probably fail at Kodak's annual meeting, however--no more than a small percentage of shareholder resolutions opposed by company management ever pass...
...amount been paid last year, it would have taken a bite out of Kodak's profits of $643.4 million, which it earned on sales of nearly $6 billion. Kodak will doubtless avoid paying anything for years, while it carries appeals to higher courts. But the legal battle stands to cloud the future of a company that has suffered some reverses lately. Kodak has been less than victorious in its battle with Polaroid in the instant-camera market, and Kodak's stock has plunged from a 1973 high of 151¾ to last week's 42⅛. What...