Kodak Eagerly Looks Towards Fourth Quarter Results
Date: December 16, 2011
Rochester, NY -- After several bad quarters in a row, Kodak reportedly is eagerly anticipating the financial results for 4Q 2011. Having successfully sold off patents for digital imaging, Kodak’s financial picture is looking less bleak than it has in previous quarters, though they are still not out of their hole.
CEO Antonio Perez and Kodak have made a effort to focus on printer sales in recent times with the hopes that the move would strengthen their financial position. Reportedly, all four of Kodak’s digital growth businesses are supposed to grow according to Perez. Of those four, three are related to commercial printing, where Kodak has also invested a lot of money.
Unfortunately for Kodak, they have other issues to deal with in addition to their finances. Earlier this year we noted that Collins Ink and Kodak had entered into a disagreement because of the unsteady future of Kodak. This problem has still not been resolved.
Kodak continues to push into the consumer printer arena in the hopes of increasing their profits. They recently released a new line of MFPs, the Hero line, which has everything from a basic printer up to a high-end consumer and office-centric models.
