company name | Eastman Kodak Company |
---|---|
company logo | |
company type | Public |
traded as | |
foundation | 1892 |
founder | George Eastman |
location | Rochester, New York, U.S. |
area served | Worldwide |
key people | Antonio M. Perez(Chairman and CEO) |
industry | Imaging, Photographic & Optical Equipment/Supplies Manufacturers |
products | Digital CamerasDigital Video CamerasDigital photo framesImaging Systems and SensorsPrintersPhoto Hosting ServicePhotographic filmPhotographic paperPhotographic chemistryScanners |
revenue | US$ 7.187 billion (2010) |
operating income | US$ -561 million (2010) |
net income | US$ -687 million (2010) |
assets | US$ 6.239 billion (2010) |
equity | US$ -1.075 billion (2010) |
num employees | 18,800 (2010) |
homepage | Kodak.com }} |
Eastman Kodak Company () is a multinational US corporation which produces imaging and photographic materials and equipment. Long known for its wide range of photographic film products, Kodak is re-focusing on two major markets: digital photography and digital printing. As part of its turnaround strategy, Eastman Kodak has turned to aggressive patent litigation in order to generate revenue.
Kodak's origins rest with Eastman Dry Plate Company, and the General Aristo Company, founded by inventor George Eastman in Rochester and Jamestown, New York. The General Aristo Company was formed in 1899 in Jamestown New York, with George Eastman as treasurer, and this company purchased the stock of American Aristotype Company. George Eastman registered the trademark Kodak on September 4, 1888. The Eastman Kodak Company was founded by Eastman in 1892. He also coined the advertising slogan, "You press the button, we do the rest."
The first model of the Kodak camera appeared in the year 1888. It took round pictures 2½ inches in diameter, was of the fixed focus type and carried a roll of film sufficient for 100 exposures. Its invention practically marked the advent of amateur photography, as before that time both apparatus and processes were too burdensome to permit of classification in the field of recreation. The roll film used in the first model of the Kodak camera had a paper base but was soon superseded by a film with a cellulose base, a practical, transparent, flexible film.
The first films had to be loaded into the camera and unloaded in the dark room, but the film cartridge system with its protecting strip of non-actinic paper made it possible to load and unload the camera in ordinary light. The Kodak Developing Machine and its simplified successor, the Kodak Film Tank, provided the means for daylight development of film, making the dark room unnecessary for any of the operations of amateur photography. The earlier types of the Kodak cameras were of the box form and of fixed focus, and as various sizes were added, devices for focusing the lenses were incorporated.
The first folding Kodak cameras were introduced early in the 1890's. These were equipped with folding bellows which permitted much greater compactness. The first pocket Kodak camera was introduced in 1895. It was of the box form type, slipping easily into an ordinary coat pocket, and producing negatives 1½ x 2 inches. The first folding pocket Kodak camera was introduced in 1897.
By 1920, an “Autographic Feature” provided a means for recording data on the margin of the negative at the time of exposure. This feature was supplied on all Kodak cameras with the exception of a box camera designed for making panoramic pictures and was discontinued in 1932.
Eventually, the business in Jamestown was moved in its entirety to Rochester, and the plants in Jamestown were razed. The Eastman Dry Plate Company was responsible for the first cameras suitable for non expert use. The Kodak company attained its name from the first simple roll film cameras produced by Eastman Dry Plate Company, known as the "Kodak" in its product line. The cameras proved such an enormous success that the word Kodak was incorporated into the company name.
The company is incorporated in New Jersey but has its offices in Rochester, New York.
It has also been suggested that "Kodak" originated from the suggestion of David Houston, a fellow photographic inventor who held the patents to several roll film camera concepts that he later sold to Eastman. Houston, who started receiving patents in 1881, was said to have chosen "Nodak" as a nickname of his home state, North Dakota (NoDak). This is contested by other historians, however, who cite that Kodak was trademarked prior to Eastman buying Houston's patents.
The retail price was $349 USD. The frame could hold 36 images internally and came with a six-month free subscription to the StoryBox network. At the end of six months, users had the option of disconnecting from the network or paying a subscription fee of $4.95 per month for two automatic connections and two manual connections, or $9.95 per month for four automatic connections and four manual connections. Kodak re-entered the digital photo frame market at CES in 2007 with the introduction of four new EasyShare-branded models that were available in sizes from 8 to , included multiple memory card slots, and some of which included wi-fi capability to connect with the Kodak Gallery—although that gallery functionality has now been compromised due to gallery policy changes (see below).
Polaroid was awarded damages in the patent trial in the amount of US $909,457,567.00, a record at the time. (Polaroid Corp. v. Eastman Kodak Co., U.S. District Court District of Massachusetts, decided October 12, 1990, case no. 76-1634-MA. Published in the U.S. Patent Quarterly as 16 USPQ2d 1481). See also the following cases: Polaroid Corp. v. Eastman Kodak Co., 641 F.Supp. 828 [228 USPQ 305] (D. Mass. 1985), stay denied, 833 F.2d 930 [5 USPQ2d 1080] (Fed. Cir.), aff'd, 789 F.2d 1556 [229 USPQ 561] (Fed. Cir.), cert. denied, 479 U.S. 850 (1986).
Kodak had been the exclusive supplier of negatives for Polaroid cameras from 1963 until 1969, when Polaroid chose to manufacture its own instant film.
Many of Kodak's earlier compact digital cameras were designed and built by Chinon Industries, a Japanese camera manufacturer. In 2004 Kodak Japan acquired Chinon and many of its engineers and designers joined Kodak Japan. In July 2006 Kodak announced that Flextronics would manufacture and help design its digital cameras.
Kodak owns the visual effects film post-production facilities Cinesite, in Los Angeles and London, and also LaserPacific in Los Angeles. Kodak also owns Pro-Tek Media Preservation Services in Burbank, California. Pro-Tek is the world's premier film storage company.
In February 2007, Kodak re-entered the market with a new product line of All-In-One (AiO) inkjet printers, which employ several technologies marketed as Kodacolor Technology. Advertising emphasizes low price for ink cartridges rather than for the printers themselves.
2009 In January 2009, Kodak posted a $137 million fourth-quarter loss and announced plans to cut up to 4,500 jobs.
2008 Kodak Graphic Communications wins the British Columbia Technology Industry Association Impact Award for Excellence in Product Innovation. The winning product was an advanced manufacturing tool that uses laser imaging to produce color filters for Liquid Crystal Displays (specifically, large LCD televisions) in a cost-effective and environmentally friendly way.
In October 2008, Kodak Graphic Communications Canada Co. was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's news magazine. Later that month, it was also named one of BC's Top Employers, which was announced by The Vancouver Sun, The Province and the Victoria Times-Colonist.
2007 On June 14, Kodak announced a two to fourfold increase in sensitivity to light (from one to two stops) compared to current sensor designs. This design is a departure from the classic "Bayer filter" by adding panchromatic, or “clear” pixels to the RGB elements on the sensor array. Since these pixels are sensitive to all wavelengths of visible light, they collect a significantly higher proportion of the light striking the sensor. In combination with advanced Kodak software algorithms optimized for these new patterns, photographers benefit from an increase in photographic speed (improving performance in low light), faster shutter speeds (reducing motion blur for moving subjects), and smaller pixels (higher resolutions in a given optical format) while retaining performance. The technology is credited to Kodak scientists John Compton and John Hamilton. Initially targeted for consumer markets such as digital still cameras and camera phones, the technology is expected to be available in early 2008.
2006
2005
2004 Eastman Kodak Company is removed from the Dow Jones Industrial Average index on April 8, 2004; having been listed for the past 74 years.
2003 Kodak EasyShare LS633 Digital Camera: The world's first digital camera to feature a full-color, active-matrix organic light-emitting diode display. The display measured and had a 165° viewing angle. OLED technology was developed by Kodak. The retail price was $399 USD.
1994
1987
1986
1930 Eastman Kodak Company is added to the Dow Jones Industrial Average index on July 18, 1930. The company would remain listed as one of the DJIA companies for the next 74 years, ending in 2004.
1920
1900
1888
1885
! Name | ! Title | ! Tenure |
Henry A. Strong | President | 1884 – July 26, 1919 |
George Eastman | President | 1921 – April 7, 1925 |
William G. Stuber | President | 1925–1934 |
Frank W. Lovejoy | President | 1934–1941 |
Thomas J. Hargrave | President | 1941–1952 |
Albert K. Chapman | President | 1952–1960 |
William S. Vaughn | President and CEO | 1960 – December 31, 1968 |
Louis K. Eilers | President and CEO | January 1, 1969 – May 17, 1972 |
Walter A. Fallon | President and CEO | May 18, 1972–1983 |
Colby H. Chandler | CEO | May, 1983–1990 |
Kay R. Whitmore | CEO | 1990 – October 27, 1993 |
George M. C. Fisher | CEO | October 28, 1993 – December 31, 1999 |
CEO | January 1, 2000 – May 31, 2005 | |
Antonio M. Perez | CEO | June 1, 2005 – present |
Kodak announced a partnership with Martha Stewart Living Omnimedia, Inc. for a line of custom, personalized photo products. The products are intended to blend Martha Stewart’s "how-to" style with Kodak’s photo quality expertise, combining online photography with offline products. The photo products include individualized Photo Books, stationery, stickers, and cards, customized for holidays, weddings, and thank-you notes. The products were available by the end of the year and found on www.kodakgallery.com and www.marthastewart.com.
There was also partnerships with Kodak Fc in Harrow, where in the season of 03/04 a bright left footed striker by the name of Jack Dennehy ermerged from the ranks scoring 73 goals in the one season before the tragic event that lead to his football career being trashed, when he broke his leg in 6 places in a tragic skiing incident in the Torino Olympic Trials.
In 2009, Kodak sponsored the 1st Annual Streamy Awards.
On September 4, Kodak announced a five-year extension of its partnership with Lexar Media.
2006 Kodak announced an agreement August 1 in which Flextronics International Ltd. would manufacture and distribute Kodak consumer digital cameras and manage certain camera design and development functions. Flextronics would also manage the operations and logistics services for Kodak’s digital still cameras. Kodak continues to develop the high-level system design, product look and feel and user experience, and conducts advanced research and development for its digital still cameras.
Under the agreement, Kodak divested its entire digital camera manufacturing operations to Flextronics; assembly, production, and testing. Flextronics thus acquired a significant portion of the Kodak Digital Product Center, Japan, Ltd. (“KDPC”) in Chino and Yokohama, Japan, (camera design functions and employees) and Kodak Electronics Products, Shanghai Co. Ltd. (“KEPS”) in China (camera manufacturing, assembly, warehousing, and employees). Approximately 550 Kodak personnel were transferred to Flextronics facilities.
The agreement served to drive profitability, efficiency, and streamline digital camera operations by bringing "camera products to market more quickly, with greater predictability, flexibility, and cost efficiency while maintaining the innovative ease-of-use for which the Kodak brand is renowned." He added that the new strategy would enable Kodak to sustain innovation be focusing on advanced development and other areas to achieve the greatest competitive differentiation and advantage.
Kodak would retain all intellectual property and patents as part of the transaction as well as Kodak trademarks, Kodak trade names, Kodak customers, customer information and customer relationships, Kodak feature specifications, Kodak digital camera designs and Kodak digital camera technologies.
Greg Westbrook, President of Flextronics' Consumer Digital market segment, was formerly General Manager of digital capture at Kodak.
2004 Kodak signed an exclusive long-term agreement with Lexar Media Inc. of Fremont, California to help market digital memory cards by putting its brand name on cards designed, manufactured and sold/distributed by Lexar such as Compact Flash and Secure Digital cards. The agreement was to give Kodak a broader role in a rapidly growing market. Terms of the agreement were not disclosed, however a source of revenue would be provided to Kodak. The agreement would also help Lexar to crack new channels of distribution worldwide. At the time, Lexar products were sold in about 48,000 retail outlets, whereas Kodak was doing business with a half-million storefronts in roughly 70 nations.
The Political Economy Research Institute at the University of Massachusetts, which compiled the Toxic 100, ranked Kodak the seventh largest polluter in the United States in 2002. In 2004, the Citizens' Environmental Coalition's (CEC) of New York awarded Kodak one of its "Dirty Dozen" awards to highlight its consistently high rates of pollution.
However, in 2005, the U.S. Environmental Protection Agency (EPA) granted Kodak the EnergyStar Sustained Excellence Award for "outstanding and continued leadership in reducing greenhouse gas emissions through superior energy management."
Kodak details its annual progress in global sustainability, as well as health, safety, and environment, in its Global Sustainability report.
Kodak announced, on January 10, 2007, an agreement to sell its Health Group Onex Healthcare Holdings, Inc., a subsidiary of Toronto-based Onex Corporation for $2.55 billion. The sale was completed May 1. Kodak received $2.35 billion in cash, and would receive up to $200 million in additional future payments if Onex achieved certain returns with the Health Group investment. Kodak used the proceeds to fully repay its approximately $1.15 billion of secured term debt, and is studying options for the remaining cash as it sharpens strategic focus on consumer and professional imaging and the graphic communications industry. About 8,100 Kodak Health Group employees transferred to the Onex-acquired business, continuing under the name Carestream Health, Inc. Included in the sale are manufacturing operations focused on the production of health imaging products, as well as an office building in Rochester, N.Y. Kodak’s Health Group had revenue of $2.54 billion for the latest 12 reported months (through September 30, 2006). It was a worldwide leader in information technology, molecular imaging systems, medical and dental imaging; including digital x-ray capture, medical printers, and x-ray film. Onex Corporation is a diversified company and one of Canada’s largest corporations, with global operations in health care, service, manufacturing and technology industries. The health care operations include emergency care facilities and diagnostic imaging clinics. Goldman, Sachs & Co. acted as financial advisor to Kodak on the sale of its Health Group and Sullivan & Cromwell provided legal counsel. Lazard Freres & Co. provided a fairness opinion in relation to the transaction.
On April 19, 2007, Kodak announced it had reached a deal to sell its Light Management Film group (a portion of its display business) to Rohm and Haas Co., based in Philadelphia. Light management film is used as layers on flat panel TVs and displays to improve effectiveness and control brightness. The group comprised 125 workers worldwide, with about 100 located in Rochester. Rohm and Haas would license technology and purchase equipment from Kodak, and lease Building 318 at Kodak Park. The sale price was not disclosed.
1994
Kodak's chemical subsidiary, Tennessee Eastman, was spun off as a separate corporation, Eastman Chemical. Tennessee Eastman had been founded in 1920 by George Eastman to provide Kodak with the chemicals needed for its film-based photography business. Since the spin-off, Eastman Chemical has diversified its product portfolio, and is now a Fortune 500 corporation in its own right.
Kodak said its customer service and customer privacy teams concluded that 99 percent of all complaints forwarded by the BBB already had been handled directly with the customer. Brian O’Connor, Kodak chief privacy officer, said the company was surprised by the news release distributed by the Better Business Bureau:
On July 1, 2011, the U.S. International Trade Commission reversed in part a January decision by an administrative law judge that neither Apple nor Research in Motion had infringed upon Kodak's patents. The ITC remanded the matter for further proceedings before the ALJ. "Notice of Commission Determination."
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