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Zoom forward to last week, when Fisher's strategy seemed to be coming a cropper--to say nothing of being in need of cropping. With the company's new computerized camera systems running up hundreds of millions of dollars in losses, and its mainstay 35-mm color film under attack from lower-priced Fuji Photo Film in the U.S. and a strong dollar abroad, Kodak said its 1997 operating earnings could fall as much as 25% below the results for last year. That marked the third distress flag on Kodak earnings this year and caused the company's stock...
Nonetheless, Fisher readily admits that Kodak botched the launch last year of its 24-mm Advantix camera (price range: $50 to $250), the company's other major new high-tech consumer product. Kodak figured that shoppers would snap up a camera that loaded film in snafu-proof cassettes and produced high-quality photos that could be captured on film, filed easily and transferred to computers. But the launch, estimated to have cost $100 million, faltered for a lack of sufficient cameras in stores and a shortage of processors equipped with gear to develop the images. Now, for a fresh...
...Japanese market for microchips. Last week House Speaker Newt Gingrich and minority leader Dick Gephardt urged President Clinton to use "all available means" to pry open Japan's market. Fuji denies any wrongdoing, and it is preparing to make the issue moot in the future by adding a 35-mm color-film plant, part of a $200 million investment, to its existing manufacturing complex in Greenwood, S.C. The new facility will have the capacity to turn out 100 million cost-competitive rolls a year when it opens in November...
...paradise, until June 13. A small army of French national police crept in before sunrise and surrounded the house. Three of them, 9-mm Berettas drawn, went to the door and knocked firmly as the others hid in the fields...
...terror. Then the invaders kicked in the door to the bedroom where Foote, a 23-year-old construction worker, and his girlfriend, Wright, a 19-year-old college student, had been sleeping. Gunfire erupted as the men forced in the door. From his bed, Foote fired a 9-mm handgun at his assailants and managed to wound two of them, but he and Wright died in a fusillade...