Kodak News; April 29 – May 3

History still in the making… It was a busy week for Kodak. On Monday Kodak reported a first quarter profit of $283 million. Revenue was down a little less than 10% at $849 million. The quarterly profit includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio. We reported here …

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Kodak News; Apr. 15 – 19

History still in the making… On Monday, Kodak announced that they entered into a purchase agreement with Brother Industries, Ltd. for the proposed sale of Kodak’s Document Imaging business for a cash purchase price of approximately $210 million. Brother would assume the liability of the business, which totaled approximately $67 million. Kodak’s Document Imaging business provides …

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Kodak News; April 1 – 5

History in the making… On Tuesday Kodak announced that James V. Continenza has been elected as a member of the Board of Directors. Mr. Continenza brings to Kodak experience as a manager and director with diverse companies that have successfully emerged from corporate restructuring. On Wednesday it was announced that the University at Albany College …

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Kodak News; March 25 – 29

History in the making… Kodak made money in February. They showed a profit of $404 million but that is after including the sale of their digital patents for $525 million. Without the patent sale, Kodak would have had a loss of about $34 million for the month. Kodak has named Spicers Canada Limited a Gold …

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Kodak News; March 18 – 22

  Kodak sold Co. has sold 180 acres of land in the former Kodak Park South for $1.4 million, according to documents in the County Clerk’s office. The buyer is LiDestri Food and Beverage a manufacturer of dips, sauces and beverages. In 2009 LiDestri bought the former Kodak building 642 and last year former building …

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Kodak News; March 11 – 15

History in the making… On Friday Kodak announced the expiration, at 5:00 p.m. on March 14, 2013, of the offer to holders of its outstanding 10.625% Senior Secured Notes due March 15, 2019 and 9.75% Senior Secured Notes due March 1, 2018 to subscribe for up to an aggregate amount of $455 million of term …

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Kodak New: Feb. 25 – March 1

History in the making… On Thursday Kodak reported a net loss of $58.1 million in January on sales of $127.9 million. Its loss from continuing operations totaled $57.2 million. Kodak had reported a net loss in December of $272.4 million on sales of $152.1 million. Is it possible that in a few months Kodak will …

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Kodak News; Feb. 11 – 15

History in the making… On Monday Kodak unveiled a new commercial printer. The Kodak Prosper 5000XLi Press which features an “intelligent print system” that continuously monitors and adjusts settings to ensure high quality. Rochester’s Mercury Print has been testing the new printer. On Tuesday the Monroe County Legislature voted to buy 547,000 square feet of …

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Kodak News; Feb. 4 – 8

On Tuesday, a Rochester man was arrested on the charge of making false bomb threats against Kodak between September and January. The man is charged with making 21 calls to 911 claiming that a terrorist was going to bomb the Kodak Corporation. For each of those calls Police and fire departments had to respond. If …

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