Kodak to Buy Creo for About $980 Mln
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Eastman Kodak EK.N on Monday said it  would buy printing technology firm Creo Inc. CREO.O CRE.TO  for about $980 million in cash to bolster its strategy to push  more aggressively into commercial printing.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, on Wednesday said its third  quarter profit rose, boosted by discontinued operations. Sales  were boosted by the weaker dollar and its key growth area of  digital photography.  Rochester, New York-based Kodak, which one year ago announced a  dramatic strategy shift toward digital cameras and printing and  away from film, posted net income of $479 million, or $1.67 a  share, including $1.51 from discontinued operations. A year  earlier its profit was $122 million, or 42 cents a share.     Multimedia versions of Reuters Top News are now available for:   * 3000 Xtra    : visit http://topnews.session.rservices.com  *  BridgeStation: view story .134  For more information on Top  News, visit  http://topnews.reuters.com
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By Sherrie Peif, Greeley Tribune, Colo.  Feb. 9--Windsor may have dodged another round of Kodak cuts announced Thursday.   Eastman Kodak Co.
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Sun will pay Kodak $92 million and will receive in exchange a license under all Kodak patents for the benefit of the Java technology and under the patents in the lawsuit for any and all purposes.
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Eastman Kodak Co. EK.N on Wednesday  said fourth-quarter sales of its digital photography products  rose 40 percent, evidence of the early success of its move away  from film.
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Kodak (EK:NYSE - news - research) bought National Semiconductor&#39;s (NSM:NYSE - news - research) imaging unit based in Sunnyvale, Calif.
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Eastman Kodak Co. EK.N on Wednesday  raised its growth forecast on digital products and services,  the areas the photography company is depending on to offset a  rapid decline in its traditional film business.
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In an out of court settlement, Sun Microsystems has agreed to pay Kodak $92 million to settle the long running patent case involving Java technology.
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(October 7, 2004) - Eastman Kodak Co. and Sun Microsystems Inc. have settled their contentious legal dispute over Java programming language, skirting a trial on financial damages that could have brought Kodak more than $1 billion.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, on Wednesday said its third  quarter profit rose, boosted by discontinued operations. Sales  were boosted by the weaker dollar and its key growth area of  digital photography.
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Eastman Kodak Co.  on Wednesday backed its near and long-term profit forecasts, saying sales of digital products, such as cameras and medical imaging, are growing faster than expected and helping to offset rapidly declining sales of its traditional film business.
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Photography company Eastman Kodak Co.  EK.N on Wednesday raised its growth forecast on digital  products and services, such as cameras and medical imaging, key  areas it is depending on to offset rapidly declining sales in  its traditional film business.
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(InfoWorld) - As part of a four-year turnaround plan, Eastman KodakÂ expects to cut 5,000 to 7,000 jobs by the end of 2007 in an effort to reduce its administrative overhead and boost profits from digital photography instead of standard film, the company told investors Thursday. Kodak leaders had already cut 1,200 jobs during the fourth quarter of 2006, bringing the total jobs lost to 23,400 since the company first announced its restructuring plan in January 2004. By the end of this year, that total could reach 30,000, nearly half of the company's size in 2003. The company has already cut excess jobs from its manufacturing division, and will trim the remaining jobs from its selling, general and administrative unit, Kodak Chief Financial Officer Frank Sklarsky said in a release. The move will reduce administrative overhead from Kodak's current level of 18 percent of revenue to just 14 percent to 15 percent. The company has also slashed costs by announcing Jan. 10 it would sell its 8,100-person medical imaging and health-care IT division to the Canadian firm OnexÂ for $2.55 billion. That deal is expected to close in the first half of 2007. On the revenue side of its books, Kodak hopes to boost income through new products like its consumer inkjet printers, image sensors and picture kiosks, said CEO Antonio Perez. The company will also draw $250 million in revenue by licensing its intellectual-property patents this year, he said. KodakÂ introduced a line of inkjet printersÂ this week to compete with Hewlett-Packard and Xerox. Kodak will target consumers and home-office users by selling replacement ink cartridges at about half the price of its competitors -- just $9.99 for black ink and $14.99 for five-color ink. Likewise, Kodak will sell a range of printers priced below $200. Also on Thursday, Kodak announced it would partner with MozillaÂ to improve Kodak's online photo gallery by allowing users to access it from Mozilla's Firefox Web browser. The companies hope to generate more income from the 83 million U.S. users who are predicted to upload, share and print their photographs by 2010. Users can now download the new tool. Â
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Eastman Kodak Co.  posted a better-than-expected quarterly profit on Wednesday due to lower costs and its photo kiosk business, which offset a 25 percent drop in sales of digital cameras and accessories.
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Eastman Kodak EK.N on Monday said it  agreed to buy printing technology firm Creo Inc. CRE.TO for  about $980 million to bolster its strategy to push more  aggressively into the commercial printing business.
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(Rochester, NY) 09/22/04 -- Bold statements came from the Eastman Kodak company today. Investors learned digital sales are soaring beyond the company&#39;s expectations.
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SAN FRANCISCO - Sun Microsystems Inc. has agreed to pay US$92 million to settle a software patent lawsuit brought against it by Eastman Kodak Co., Sun announced Thursday. The settlement comes just six days after a New York jury found Sun guilty of violating Kodak's patents, but before any damages had been awarded. Kodak had been seeking $1.06 billion in lump sum royalties in the case.