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Sunday, February 27, 2011

Kodak Reaffirms Plan to Complete Transformation to Sustainable, Profitable Company Starting 2012

Revenue from Four Key Digital Growth Businesses Outpaces the Market and Approaches $2.0 Billion in 2013, with Positive Earnings Contribution; Consumer Inkjet to Achieve Profitability During 2011, Commercial Inkjet During 2012; Kodak Driving Improved Performance from Established Digital Cash Generators; Company Has Sufficient Resources and Financial Flexibility to Complete Transformation

(Yes a bit old but still news)
NEW YORK CITY, Feb. 3 -- At its annual strategy meeting today with investors, Eastman Kodak Company (NYSE:EK) will detail plans to complete its transformation into a digital company with sustainable profits by 2012.
Kodak expects that revenue in its core growth businesses – Consumer and Commercial Inkjet printing, Workflow Software & Services, and Packaging Solutions – will more than double in size by the end of 2013. During this time, Kodak will effectively manage its large, cash-producing businesses, and drive toward sustainable, profitable growth on the strength of its unmatched expertise in materials science and digital imaging science. Consumer Inkjet will achieve positive gross profit dollars during 2011, with full-year positive operational earnings in 2012, and the company’s Commercial Inkjet business will achieve profitability during 2012.

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