August 13, 2001 |
Microsoft Corp., in a concession to the increased scrutiny by Congress and the courts of its business practices, said Sunday it will make it easier for users of its upcoming Windows XP operating system to work with digital photography software from Eastman Kodak Co. and others. Redmond, Wash.-based Microsoft said that when XP users attach a digital camera, they will get clearer choices about what photo software to use.
June 13, 2001 |
Eastman Kodak Co. will eliminate 60 jobs and close its Dynamic Imaging unit that makes three-dimensional holographic images, which the company hoped would be used by advertisers. The photography company began closing down the unit's operations June 6, according to its Web site. Most of the workers are employed in Rochester, N.Y. About 12 work in Los Angeles, spokesman Paul Allen said. The positions are part of the 3,000-3,500 job cuts Kodak announced in April.
April 12, 2001 |
Eastman Kodak Co. on Wednesday named former Lucent Technologies Inc. executive Patricia Russo president and chief operating officer as the company tries to make a profit on a $5-billion investment in digital imaging. Russo, 48, will run Kodak's consumer business, which includes the digital operations and film sales for the biggest photography company, Chief Executive Daniel Carp said.
March 3, 2001 |
Eastman Kodak Co. suspended its $2-billion stock buyback program to accelerate debt-reduction efforts and give it the financial flexibility to pursue acquisitions. Kodak, which has struggled with lower sales and profits in an intensely competitive market and slowing economic environment, said the move was not an indication of lower-than-expected cash flows. It said first-quarter cash flow is in line with expectations and is consistent with normal seasonal patterns.
February 7, 2001 |
Antitrust regulators said Eastman Kodak Co. has agreed to restructure its purchase of Bell & Howell Co.'s imaging unit to address competition concerns in the market for high-speed document scanners. The Justice Department said Kodak would abandon purchase of the document-scanner segment of the business, including the Copiscan and 8000Plus series machines, but still acquire the remaining operations of Bell & Howell Imaging Co.
February 5, 2001 |
Ifilm, an Internet portal for short films and animations, said it has raised $10 million from an investment group including Eastman Kodak Co., Sony Pictures and Yahoo Inc. The infusion shores up Ifilm's financial position at a time when many investors are backing away from companies in the struggling online entertainment sector. Ifilm, based in Hollywood, offers links to thousands of short films and cartoons, as well as tools and information for entertainment-industry professionals.