Kodak Pictures Comeback; Sells Image Sensor Company to Strengthen Weak Finances

The Washington Times (Washington, DC), November 9, 2011 | Go to article overview

Kodak Pictures Comeback; Sells Image Sensor Company to Strengthen Weak Finances


Byline: Tim Devaney, THE WASHINGTON TIMES

Photography pioneer Kodak sold one of its companies this week in an attempt to stay afloat in an industry that has been drastically reshaped by advancements in technology during the past decade.

The Rochester, N.Y.-based company announced late Monday the sale of its image sensor business to Platinum Equity for an undisclosed amount analysts say is a first step in the direction of profitability. In recent years, Kodak failed to take advantage of booms in digital cameras and smartphone cameras.

Image Sensor Solutions is a business that is well-positioned in the high-performance imaging markets in which it participates, said Pradeep Jotwani, president of Kodak's consumer digital imaging group and senior vice president of the company. This sale maximizes shareholder value by obtaining a full and fair valuation for this business, and allows Kodak to increase its financial flexibility.

Its image sensor business has been at the forefront of a number of breakthroughs in the film industry in the past 30 years, including developing technology for studio photography cameras, earth-imaging satellites, traffic monitoring and DNA sequencing systems.

The company said the sale would sharpen Kodak's operational focus and strengthen its financial position.

Kodak, which built the first consumer-friendly camera in 1888, was founded by George Eastman and has been in business for more than a century but has failed to keep up with the times regarding consumer photography.

This was a company that was the center of the photography world for decades, said Jeff Kagan, a wireless and telecom industry analyst based in Atlanta. Then the world changed. First digital cameras instead of strip film. Next cellphones started getting cameras. The problem is they have done nothing to build their tired brand. They are struggling for survival. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Kodak Pictures Comeback; Sells Image Sensor Company to Strengthen Weak Finances
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.