More Rochester news about Kodak

Photo Engineer · Mar 2, 2011

Today, a consortium of companies owning 24% of Kodak stock announced on Wall street that Kodak management should make the company profitable or the stockholders should vote current management out of office.

The Kodak response was a repeat of previous comments that Kodak was committed to making the company profitable as rapidly as possible.

PE

Mainecoonmaniac · Mar 2, 2011

Hope that will shake things up. Hate to see Kodak ending up like Agfa. A day late and a dollar short.

Ken Nadvornick · Mar 2, 2011

Dead Link Removed
by Matthew Daneman, Rochester Democrat and Chronicle, February 25, 2011

Dead Link Removed
WHAM News, March 2, 2011

And so it begins...

Ken

Sirius Glass · Mar 2, 2011

I will be good for this thread and not make any reference to the one who thinks that magenta and maroon are not colors.

Steve

erikg · Mar 2, 2011

Does a 24% ownership stake give one a voice in anything? What does the other 76% think?

Photo Engineer · Mar 2, 2011

Sirius Glass said:
I will be good for this thread and not make any reference to the one who thinks that magenta and maroon are not colors.

Steve

Steve;

Are you a maroon?

PE

Moopheus · Mar 2, 2011

Sirius Glass said:
I will be good for this thread and not make any reference to the one who thinks that magenta and maroon are not colors.

Steve

Well, I can't tell them apart, but then, I sometimes see orange people, so what do I know?

Sirius Glass · Mar 2, 2011

Photo Engineer said:
Steve;

Are you a maroon?

PE

No, but I would moon the two lettered "one who thinks that magenta and maroon are not colors" the name of whom we dare not speak!

Steve

Vaughn · Mar 2, 2011

I like macaroons...

tomalophicon · Mar 2, 2011

Vaughn said:
I like macaroons...

I love Macaroni

Vaughn · Mar 2, 2011

I believe Marconi loved macaroons after his macaroni so much he did that dance I refuse to spell out.

tomalophicon · Mar 2, 2011

Vaughn said:
I believe Marconi loved macaroons after his macaroni so much he did that dance I refuse to spell out.

HEEEEEEEY MACARINA..... HEEEEYY!!!

willrea · Mar 2, 2011

B&Wpositive · Mar 2, 2011

Vaughn said:
I believe Marconi loved macaroons after his macaroni so much he did that dance I refuse to spell out.

And then he stuck it in his hat...dandy. The end.

But hopefully not so for big yellow.

tomalophicon · Mar 2, 2011

Maybe they'll focus on what they know best...

removed account4 · Mar 2, 2011

erikg said:
Does a 24% ownership stake give one a voice in anything? What does the other 76% think?

exactly ...

Photo Engineer · Mar 2, 2011

tomalophicon said:
Maybe they'll focus on what they know best...

Hahahah, now that scares me for some reason!

PE

Neanderman · Mar 2, 2011

erikg said:
Does a 24% ownership stake give one a voice in anything?

Absolutely. With that amount of ownership they can demand seats on the board, at which point they can begin to influence things.

nickrapak · Mar 3, 2011

erikg said:
Does a 24% ownership stake give one a voice in anything? What does the other 76% think?

A 24% ownership in a company as large as Kodak certainly means a lot. A fair number of shares of EK are held by people that don't exercise their voting rights. Not only that, but when people that hold almost 1/4 of the shares in EK say something is wrong, it might start a ripple effect among other large shareholders

eddym · Mar 3, 2011

Sirius Glass said:
I will be good for this thread and not make any reference to the one who thinks that magenta and maroon are not colors.

Steve

Of course they are not. All colors are an illusion. Everything is really black and white.

khaledmrd · Mar 3, 2011

the loss of 600M+ is non cash but will about Goodwill reduction

Ken Nadvornick said:
Dead Link Removed
by Matthew Daneman, Rochester Democrat and Chronicle, February 25, 2011

Dead Link Removed
WHAM News, March 2, 2011

And so it begins...

Ken

i think that this action was taken by Kodak for the Dec. Qtr 2010 was Cleaning the balalnce sheet with non cash loss in 2010 item which i think will be followed by selling the Non strategic assets and businesses, so the sales in Cash will be profitable in 2011

kb3lms · Mar 3, 2011

Hopefully the first action will be to get rid of Perez.

Inkjet printers aren't going to do it for them, no matter how big, fast or cheap they are. Might not be a bad business to be in but it ain't a save the company strategy. Find something to do where they can apply their coating technology. Do some REAL marketing to convince photo enthusiasts and artists that film is a beautiful (but, yes, niche) medium and they are missing something by not using it. Continue to introduce films that make digital even more so look like crap. Find a way to apply your film technologies to readily available, economical, everybody can afford it, digital output. Market film to people (ie your mother) who don't want to ^%$#% around with computers. Get the photo magazines to run an article about film here and there. Make up with Walmart.

They really should have kept the pharmaceutical business and selling the health imaging group was a HUGE mistake.

bblhed · Mar 3, 2011

Reading this thread made me hungry.

If you own 24% of a publicly owned company you have a lot more influence than you might think. First as someone mentioned you can demand a seat on the board and start firing people, also there is a bigger threat where you can start dumping shares quickly and drive the stock price down thus removing the ability of a company to raise capital and leaving it ripe for hostile takeover.

I would not like to see a hostile takeover of Kodak, unless that takeover is by APUG users.

Ken Nadvornick · Mar 3, 2011

khaledmrd said:
i think that this action was taken by Kodak for the Dec. Qtr 2010 was Cleaning the balalnce sheet with non cash loss in 2010 item which i think will be followed by selling the Non strategic assets and businesses, so the sales in Cash will be profitable in 2011

Ken

kb3lms · Mar 3, 2011

Is Perez a "non-strategic" asset?

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