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Author Archives: Mike Dickinson

Kodak burned through cash in 2011

Eastman Kodak Co. burned through more than $763 million in cash in 2011—an amount that underscores its need to file for bankruptcy protection on Jan. 19.

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Kodak to lay off 91 in the Rochester area

Eastman Kodak Co. plans to lay off 91 employees, including 70 at a plant on Manitou Road in Gates, a filing with the state Department of Labor shows.

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Kodak employment falls below 5,200 here as sales slide

In a year where its sales fell and losses mounted, Eastman Kodak Co. finished 2011 with 5,129 Rochester-area employees, down 780 from a year ago. That decline puts the onetime local giant below Xerox Corp. and out of the top five largest private-sector area employers.

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THE LOOP

Swimsuits-local edition Rochester has at least three ties-some closer than others-to the 2012 Sports Illustrated swimsuit edition.   First, soccer star Alex Morgan, pictured, is one of three women athletes who appear in the issue and online wearing body paint ...

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THE LOOP

Not so booyah! News last week that Kodak plans to leave the consumer digital camera business was not surprising-though still sad-for those who have watched the company ratchet down its efforts in that business.   It was only a few ...

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THE LOOP

The fish bowl   Chicken wings and pizza? No doubt. Pretzels, potato chips and dip? Certainly.   Something about sushi and the Super Bowl seems, well, a tad fishy. But Wegmans says au contraire.   "Believe it or not, the ...

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Kodak to phase out digital cameras, frames

Eastman Kodak Co. on Thursday said it plans to phase out its digital cameras, pocket video camera and digital picture frames business.  It plans to phase out the business during the first half.

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THE LOOP

A tall drink Yao Ming is likely the tallest oenophile, or connoisseur of wine, in the world.   Of course at 7-foot-6, the retired basketball star is the tallest person doing just about anything he wants to do.   Yao, ...

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Lawsuit targets Kodak’s board, executives

An Eastman Kodak Co. employee has filed a federal lawsuit claiming company officials breached their fiduciary duties related to their oversight of the troubled company’s Employee Stock Ownership Plan and Employees’ Savings and Investment Plan.

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How Kodak lost its way

Was Eastman Kodak Co.’s plummet from the pinnacle of industry into bankruptcy court inevitable?   Probably not, but another outcome would have required successful, visionary leaps.   Five leaders-three career Kodakers and two outsiders-steered the onetime photo giant during its ...

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THE LOOP

A grand stand In the spirit of the upcoming Oscars and the recent Golden Globes, this category recognizes the best use of sarcasm during a governmental meeting.   And the award goes to … COMIDA chairwoman Theresa Mazzullo.   Her comment, ...

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Strong Q4 results could help Kodak as issues mount

Few quarterly reports come packed with as much baggage as Eastman Kodak Co.’s upcoming fourth-quarter and year-end announcement.   It is unrealistic to expect Kodak to resolve the myriad issues facing it-among them cash woes, reports of pending bankruptcy, potential ...

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