1998 was a year of excellent progress for Kodak, despite continuing intense competition, the issues with the Office Imaging business, and on-going challenges in emerging markets. On the competitive front, we arrested our share loss in the U.S., closing out the year with a share increase for the consumer film in that market. |
Although our cost reduction efforts will position Kodak for an improved 1998, the growing strength of the U.S. dollar, continuing competitive pressures and the phased implementation of the cost reduction program will make it likely that results during the first quarter of 1998 will be below those of 1997, |
Basically, we've got to innovate and differentiate. |
Clearly, our underlying growth this year has been very much affected by increasingly difficult economic times and a tough competitive environment. Neither of those conditions is likely to change in the near-term, |
Down here, you are always looking for that missing piece, |
I think it's a great step in the right direction. |
I think this is a case where I haven't heard of it because it hasn't ever happened. |
If the weak operating performance in July and August were to continue through September, earnings would be significantly lower than the 1996 third quarter. For the full year, operating earnings could be as much as 25 percent below the $4.50 per share operating earnings achieved in 1996. |
Imagine if your palm PC could scan a credit card and could simultaneously take your picture and imprint it on the card for verification at the checkout counter, |
Imagine if your palm PC could scan a credit card and could simultaneously take your picture and imprint it on the card for verification at the checkout counter. |
In less than a year, roughly one third of our senior management team has changed, we are taking large amounts of cost out of the company, faster than ever in the history of Kodak. |
It can't be the bus ride there takes longer than the games we play. That's what usually happens. |
It is unacceptable from the viewpoint of the principles of free trade and open markets, ... The U.S. market is open and Japan's is closed. The world financial markets recognized this. It's too bad the WTO does not. |
It's not good enough for us to just make the state tournament, |
It's not typically possible in your Craftsman bungalow to do that. It's a big headache for a judge -- a bigger headache than the advantage to the defense would seem to justify. |