[rollei_list] Re: OT: Kodak's Original Digital Camera

  • From: "Richard Knoppow" <dickburk@xxxxxxxxxxxxx>
  • To: <rollei_list@xxxxxxxxxxxxx>
  • Date: Fri, 9 May 2008 00:58:07 -0700


----- Original Message ----- From: "Eric Goldstein" <egoldste@xxxxxxxxx>
To: <rollei_list@xxxxxxxxxxxxx>
Sent: Thursday, May 08, 2008 3:07 PM
Subject: [rollei_list] Re: OT: Kodak's Original Digital Camera


Competent business people do not think in these terms. Film versus digital imaging was not an either/or proposition then and still is not now, as Kodak should have well understood. Then there's the very basic core concept that Kodak was/is an imaging company, not a film company, a lesson now being learned the hard way. And still another factor for public companies... shareholder value is largely a function of growth
and not of profit.

I think it is safe to say that from about the mid-90s through about the mid-2000s, Kodak was probably one of the worst managed companies
in the S&P 500...


Eric Goldstein

A classic case, related by Rudolf Kingslake, is the rejection of the Xerox process by Kodak because, in the words of Kenneth Mees, "we are a chemical company and this is not a chemical process." The inventors of xerography eventually took it the Haloid Company, a small rival of Kodak and a company which specialized in document copying processes, where it was accepted and developed, the company eventually becoming Xerox. Kodak also had a bad reputation among its dealers because of practices which essentially cut off smaller stores. I think Agfa did them one better by simply never promoting their stuff (at least in the US).

---
Richard Knoppow
Los Angeles, CA, USA
dickburk@xxxxxxxxxxxxx
---
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