Kodak launches desktop printers
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Eastman Kodak Co.  is introducing a line of desktop printers and low cost replacement inks on Tuesday, as the photography company takes on a market dominated by Hewlett-Packard .
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Xerox Corp. introduced color printers and ink products Monday that it said will cut the price of color copying by two-thirds, sweeping away a major hurdle for customers seeking to enter the profitable and growing color market.
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Multifunction devices, workgroup printers, and a new digital pen debut.
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NEW YORK -- Eastman Kodak Co. is cutting 3,000 more jobs this year as the picture-taking pioneer wraps up its wrenching transformation into a digital imaging company focused on consumer photography and commercial printing.
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Eastman Kodak Co.  said on  Thursday it has developed digital camera technology that nearly  eliminates the need for flash photography, part of the  company&#39;s effort to make money from its deep patent portfolio.
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Eastman Kodak Co.EK.N on Wednesday  said fourth-quarter sales of its digital photography products  rose 40 percent, sending shares up on evidence of the early  success of its move away from film.
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Eastman Kodak Co., in the midst of its strengthening its position in digital imaging, Wednesday said it now expects sales of digital products and services to increase by about 36 percent between 2003 and 2007.
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Blog: HP releases a bunch of new printers for home and office users.
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LONDON (CBS.MW) -- Eastman Kodak said Tuesday it will cut 870 jobs at its manufacturing sites in the UK and France due to the &quot;increasing popularity of digital photography&quot; and the corresponding decline in traditional film photography.
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_ Eastman Kodak Co. announced Tuesday it will cut nearly 900 jobs at three of its manufacturing facilities in Europe as part of the company&#39;s shift from traditional film production to digital photography.
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Eastman Kodak Co.  introduced a  line of desktop printers on Tuesday that use low-cost  replacement ink cartridges, entering a market dominated by  Hewlett-Packard Co.
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Company adds new level of convenience to home and office printing with wireless printer adapter and multifunction inkjet product.
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Photographers can shoot, store and print digital photos without requiring a computer connection.
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HP is introducing printers with more features targeted at home-based business owners, while Kodak is just entering the market.
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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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Products coming this holiday season also include new photo printers.
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Photographic equipment manufacturer Kodak today blamed the rise of digital photography for 600 job losses and a factory closure. Kodak said declining demand for traditional