Photographic Equipment & Supplies
(EK) Eastman Kodak Announces Patents for Sale
Eastman Kodak Co. (EK) has put a portfolio of its patents on digital imaging, up for sale. The move entails attracting potential buyers and converting the company’s intellectual property into cash. Kodak’s digital-imaging patents are estimated to worth $3 billion, of late. In...
22Aug2011 | vitalstocks | 0 comments | Continued(EK) Fujifilm Holdings Corporation-Mitsubishi Corporation Enter Contract
Fujifilm Holdings Corporation (FUJIY.PK) and Mitsubishi Corporation (MSBHY.PK) entered into a partnership in the contract manufacturing business of biopharmaceuticals. Under this venture, Fujifilm agreed to transfer the ownership of 20% equity interests, in its pharma subsidiaries...
22Jun2011 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Sells Microfilm Division
Eastman Kodak Company (EK) recently sold its microfilm products and equipment business to Eastman Park Micrographics Inc. The financial terms of the deal were not disclosed. As per the agreement, the company will continue supplying current microfilms, service and support for...
12Apr2011 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company – Bear of the Day
We downgrade our recommendation on Eastman Kodak Co. (EK) from Neutral to Underperform based on the recent loss of lawsuit against Apple Inc. and Research In Motion Limited for infringement of patent upon initial determination. Zacks reduced its fiscal 2011 and 2012 estimate...
4Feb2011 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company Renews Walmart Contract
Eastman Kodak Company (EK) recently renewed its contract with Canadian subsidiary of Wal-Mart Stores Inc. (WMT), Walmart Canada Corp. The subsidiary is a leading photo retailer in Canada. The contract was renewed so as to that Walmart Canada remains Eastman Kodak’sprimary operator...
28Sep2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company – Bear of the Day
Eastman Kodak Company (EK) reported disappointing results for the second quarter of 2010 based on lower prices and higher raw material costs. We believe this will continue in the near future based on a slower market recovery. Thus, we reduced our earnings estimate for the quarter...
6Aug2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company First Quarter 2010 Earnings Scorecard
Movement of Eastman Kodak Company (EK) stock remained unclear following the first quarter earnings release on April 29. Half of the analysts covering have revised estimates upward while the other half have revised downward. First Quarter Highlights Although Eastman Kodak missed...
24May2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company Prices $500 Million in Notes
Recently, Eastman Kodak Company (EK) announced the pricing of its private placement of $500 million, the total principal amount of 9.75% senior secured notes due 2018. Kodak intends to use the net proceeds from the offering to repurchase the entire $300 million, the total principal...
4Mar2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company Expands Chinese Facility
Last week, Eastman Kodak Company (EK) announced plans to open the second production line for its Xiamen printing plate manufacturing facility in China and the Asia-Pacific region. The expanded, state-of-the-art facility in China’s southeastern city will enhance Kodak’s manufacturing...
1Feb2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company Surpasses Expectations
Eastman Kodak Company (EK) reported results for the fourth quarter and fiscal year 2009. Kodak reported earnings from continuing operations of $439 million, or $1.36 per share, compared to a loss of $914 million or $3.40 per share in the fourth quarter of 2008. Reported EPS...
30Jan2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Disposes OLED Business
Eastman Kodak Co. (EK) announced its plans to sell substantially all the assets associated with its OLED business to a group of LG companies. The company said that this transaction will tighten Kodak’s investment focus and strengthen its financial position. Financial details...
8Dec2009 | vitalstocks | 0 comments | Continued(CAJ) Canon, Incorporated – Bear of the Day
We believe the sharp appreciation of the yen is eroding Canon‘s (CAJ) revenue and profits. The company expects to improve profitability through product launches and cost-cutting efforts, and Canon has maintained its revenue and earnings forecast even though the third quarter...
8Nov2009 | vitalstocks | 0 comments | Continued(CAJ) Canon Incorporation – Bear of the Day
We believe the sharp appreciation of the yen is eroding Canon’s (CAJ) revenue and profits. The company expects to improve profitability through product launches and cost-cutting efforts. The company also lowered its revenue forecast but earnings forecast remained unchanged...
8Sep2009 | vitalstocks | 0 comments | Continued