While Ilford Soars, (Just released)

[RattyMouse]

[moderated]

"ROCHESTER, N.Y. (AP) -- Eastman Kodak's losses widened to $312 million in the third quarter as the photo and printing company struggles to emerge from bankruptcy protection.

The loss reported late Tuesday compares to a loss of $222 million at the same time last year.

Revenue for the three-month stretch ending in September totaled $1 billion. That's a 19 percent decrease decline from last year."

I guess all is well though:

"The actions we are taking in response to economic and market conditions are working and will position us to emerge in 2013 as a growing, profitable, sustainable company," Kodak CEO Antonio Perez said in a statement.

[Alan W]

I wish I could lose that much and still be positive.

[RattyMouse]

I wish I could lose that much and still be positive.

[Pioneer]

I find this little segment from the Kodak website very interesting -

"...Film, Photofinishing and Entertainment Group third-quarter sales were $389 million, a 10% decline from the year-ago quarter, driven by continuing industry-related volume declines. Third-quarter earnings from operations for the segment were $15 million, compared with earnings of $28 million in the year-ago period. This decrease in earnings was primarily driven by significantly increased raw material costs, particularly silver, and industry-related declines in volumes, largely offset by cost reductions and price actions across the segment..."

Contrary to what a lot of people are saying, it does not seem that Kodak is making a whole lot of extra money of their film production.

Ah well, at least Ilford is still keeping their heads above water.

[Gerald C Koch]

Contrary to what a lot of people are saying, it does not seem that Kodak is making a whole lot of extra money of their film production.

Well then buy Kodak film!! Remember Kodak is an American business and supporting American business helps the American economy.

[Stephanie Brim]

I'd buy Plus-X occasionally if they put it on sheets and 120. I don't like TMAX films and I prefer an ISO 400 film over 320, so I don't use Tri-X in sheets, either. I will, however, be buying Tri-X to put in my daughter's 35mm camera, so there's that.

[Ian Grant]

In that quarter how much was paid to the Executives like Perez, they get bonuses while the company sinks. That's US style Capitalism

In other countries it's fraud.

Ian

[Pioneer]

Well then buy Kodak film!! Remember Kodak is an American business and supporting American business helps the American economy.

Geez. I'm buying Kodak film as fast as I can but somebody has got to step up and help pretty soon!!

[Ken Nadvornick]

I'd buy Plus-X occasionally if they put it on sheets and 120...

And sadly, therein lies the biggest problem with buying Kodak film.



Ken

(Sorry, I don't have the heart to say it...)

[Pioneer]

In that quarter how much was paid to the Executives like Perez, they get bonuses while the company sinks. That's US style Capitalism

In other countries it's fraud.

Ian

Are you really that sure about that?? Based on public records the guys on your side of the pond are getting paid pretty well too. Not that I am all in favor of the executive packages being paid to Kodak execs either, but those that have control tend to get paid no matter where you're from. Fraud is only fraud when you get charged, and not always then.

We Americans do enjoy our fraudulent activities...but we certainly are not the only ones. But one advantage is that we eventually catch up to them and charge them. And then publicize it for everyone to read about. That is not true everywhere in the world.