Kodak turns to photo kiosks to stop losses

Kodak turns to photo kiosks to stop losses
Tags: Eastman Kodak Company, Photo Kiosks, Retail Self-Service
October 30, 2006

Bloomberg.com: Its Oct. 31 earnings report extends Kodak's longest streak of losses in at least 10 years. In moving to digital technology from film, chief executive Antonio Perez plans to cut as many as 27,000 jobs, put the health-care imaging unit up for sale and set up printing kiosks in busy locations like Wal-Mart Stores Inc.

"The growth in that business has been exceptional," Ulysses Yannas, a broker at Buckman Buckman & Reid in New York, said of the kiosk business before the earnings report came out. He has watched Kodak for more than 30 years and owns some shares. "That's where the money is."