[rollei_list] Re: Kodak in play?
- From: "Roger Wiser" <rwiser@xxxxxxxxxxx>
- To: <rollei_list@xxxxxxxxxxxxx>
- Date: Sat, 22 Oct 2011 07:40:21 -0500
In regard to Sanders latest item on Kodak, here are excerpts that appeared in
the NYT, a couple of days ago. No apparent news on a acquisition or ownerships
change yet. However this may be in the works after such a "negative" decision.!
Roger
Negative Exposure for Kodak
At least Eastman Kodak didn’t pin its latest turnaround effort on the fax
machine. Just the same, as one securities analyst said, Wall Street worries
that the once pre-eminent film company is jumping “from one buggy whip business
to another.”
Antonio M. Perez, Kodak’s chief executive, has poured hundreds of millions of
dollars into transforming Kodak into a giant in the inkjet printer business,
even as printouts are increasingly being replaced with electronic copies on
computers, tablets and smartphones.
“You will see that that business is going to be a gorgeous business for this
company,” Mr. Perez told analysts in July. While it is difficult to know
whether Mr. Perez’s strategy will succeed, two things are certain: Kodak is
burning through a lot of cash to pursue it; and many investors are highly
skeptical.
Consumer inkjet revenue at Kodak grew 48 percent in the second quarter, but
since the first of the year, Kodak shares have lost about three-quarters of
their value. And in recent weeks, rumors about the company going bankrupt have
been rife. The stock fell 2.4 percent to close at $1.24 on Thursday.
Mr. Perez, who was named the chief executive in 2005, declined to comment for
this article, citing the quiet period before the next earnings are announced on
Nov. 3. Company officials deny that Kodak is considering a bankruptcy filing
----- Original Message -----
From: sanders@xxxxxxxxx
To: rollei_list@xxxxxxxxxxxxx
Sent: Monday, October 17, 2011 11:37 AM
Subject: [rollei_list] Kodak in play?
Amidst the howl and fury, there comes movement in the equity
markets that suggests a deal to acquire Kodak may be imminent:
Other related posts:
