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(USA Today)   Not a repeat from 1978: Kodak reports a profit   (usatoday.com) divider line 16
    More: Interesting, Kodak, EBITDA, account of profits  
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1001 clicks; posted to Business » on 13 Nov 2013 at 10:51 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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ZAZ [TotalFark]
2013-11-13 09:46:43 AM  
I spent a minute trying to figure out what Kodak receives revenue for. The answer seems to be offset printing plates and consumer grade printer ink.
 
2013-11-13 10:01:40 AM  
I don't see why they wouldn't. I mean, they give us those nice bright colors. They give us the greens of summers. They can make all the world a sunny day -- oh yeah.
 
2013-11-13 10:20:01 AM  
They story is still developing
 
2013-11-13 11:09:39 AM  
This is one of those moments.
 
2013-11-13 11:14:27 AM  

ZAZ: I spent a minute trying to figure out what Kodak receives revenue for. The answer seems to be offset printing plates and consumer grade printer ink.


I think they have a lot of smaller business too. They make or at least put their name on those in store photo kiosks and still sell lots of cameras. They also sell photo quality paper for home printing.
 
2013-11-13 11:14:56 AM  
Didn't they only turn a profit because they are still selling off their remaining assets such as patents and holdings? They can't keep that up forever of course. Do they still have any other income?
 
2013-11-13 11:31:51 AM  
FTFA: "Not counting some expenses such as taxes and depreciation, Kodak had an operational profit for the third quarter of $3 million, vs. a $23 million loss the same quarter a year earlier.

Bottom line, it had a loss of $155 million for the quarter, compared with a $312 million loss previously."


So, yeah.  No profit at all.
 
2013-11-13 11:59:16 AM  
Kodak basically invented the digital camera.

Which shows how badly they farked that up.

Step 1: Invent something everyone now uses.
Step 2:
Step 3: Go bankrupt.
 
2013-11-13 12:17:16 PM  

impaler: Kodak basically invented the digital camera.

Which shows how badly they farked that up.

Step 1: Invent something everyone now uses.
Step 2:
Step 3: Go bankrupt.


If they'd invented the Fark Photoshop contest they'd own the world
 
2013-11-13 02:09:00 PM  

KarmicDisaster: Didn't they only turn a profit because they are still selling off their remaining assets such as patents and holdings? They can't keep that up forever of course. Do they still have any other income?


TFA seems to contradict itself, claiming that Kodak has a profit in one paragraph and then claiming Kodak had a loss in the next.  Although it might be that they failed to properly explain the numbers.

That being said, my understanding is that Kodak has basically been selling its own organs in order to pay the bills so that's probably where the quarterly profit came from.
 
2013-11-13 02:15:29 PM  

ZAZ: I spent a minute trying to figure out what Kodak receives revenue for. The answer seems to be offset printing plates and consumer grade printer ink.


They do a lot of specialty chemicals and compounds now, like in the good old days, I see them advertising for chemists every now and then. I think they're trying to get into OLED synthesis and design, but that could just be a side project.
 
2013-11-13 02:48:04 PM  

ZAZ: I spent a minute trying to figure out what Kodak receives revenue for. The answer seems to be offset printing plates and consumer grade printer ink.


Jeez, all they'd have to do is make about a gallon of that to wipe out their debts...
 
2013-11-13 10:14:44 PM  
FTFA "Earlier this year, as part of its bankruptcy, it sold its Document Imaging business - primarily involving scanners - and Personalized Imaging business - meaning photographic camera film and photo kiosks."

Sounds like a Kodak moment to me. The company synonymous with taking pictures is getting out of the picture...developing business. I hope they have some strategy...
 
2013-11-13 10:47:20 PM  

impaler: Kodak basically invented the digital camera.

Which shows how badly they farked that up.

Step 1: Invent something everyone now uses.
Step 2:
Step 3: Go bankrupt.


Yup.

I think they were scared of getting into the electronics business. They weren't wrong, exactly. I mean, digital cameras are everywhere, but who makes money on them, really? Canon, mostly, I suppose. And whoever makes the actuall CCDs and CMOS chips.

If Kodak had wanted to make money on digital cameras, they would've needed to turn into a semiconductor manufacturer. Or at least a semiconductor design firm, like ARM. That would've been a huge change, and probably never occured to them.
 
2013-11-13 11:06:00 PM  
jeez only time I see Kodak is at the local CVS or wallgreens, they have these little machines which you can print your photos out, only problem is its like $7.99 for a single photo so yeah they would be making a nice profit.
/I used them for years till I got a cannon printer and found some generic ink that is only $6 a set, it can print roughly 1200 pages in color or 2800 pages in black
 
2013-11-14 10:28:26 PM  
Bring back Kodachrome and good film cameras and I'm in. I've simply never seen digital achieve the same depth and vibrancy.
 
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