July 23, 2010, Newsletter Issue #146: Is Kodak Bouncing Back?
Tip of the Week
In the 4th quarter of 2008, Eastman Kodak lost $918 million.
What a difference a year makes! Twelve months later, the photography giant posted a $443 million profit. That's a turn-around of $1.36 billion.
Kodak is aggressively leveraging its intellectual property rights - the company holds a slew of digital patents - and reaping the rewards of tough restructuring decisions.
This is good news for point-and-shot fans, as some of Kodak's recent digital camera models have been getting rave reviews.
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