Kodak
today issued its Q2 2003 earnings statement, in that the company states
that overall sales declined by 6% and that earnings were down to $112
million in Q2 2003 compared to $284 million in Q2 2002. Sales for Q2 2003
totalled $3.3 billion, virtually unchanged compared to the same quarter
last year. "Kodak expects to reduce employment by a range of 4,500
to 6,000, beginning later this year." This on top of the 7,000 jobs
lost last year. Chairman and CEO Daniel A. Carp said "We are evolving
from a historical film company into one that is aggressively pursuing
the vast potential of digital imaging across all of our operations. We
are extending the Kodak brand into the digital age so that we become known
as the world's leading imaging company, building on our proud heritage
as the world's leading picture company"
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Kodak
today issued its Q2 2003 earnings statement, in that the company states
that overall sales declined by 6% and that earnings were down to $112
million in Q2 2003 compared to $284 million in Q2 2002. Sales for Q2 2003
totalled $3.3 billion, virtually unchanged compared to the same quarter
last year. "Kodak expects to reduce employment by a range of 4,500
to 6,000, beginning later this year." This on top of the 7,000 jobs
lost last year. Chairman and CEO Daniel A. Carp said "We are evolving
from a historical film company into one that is aggressively pursuing
the vast potential of digital imaging across all of our operations. We
are extending the Kodak brand into the digital age so that we become known
as the world's leading imaging company, building on our proud heritage
as the world's leading picture company"