Kodak phasing out low-end digicams

According to a report by CNET Kodak President Antonio Perez speaking at the JPMorgan Technology Conference revealed that the company "wasn't making much money" in the low-end digicam segment and has decided to pull out of it. In Addition Mr Perez also revealed that the company had developed its own five megapixel CMOS sensor which would make its way into a future Kodak digital camera. It's unclear where Mr Perez draws the 'low-end' line but we can't say we're that surprised at this news.