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Subject: Re: Kodak Hikes Prices for Photographic Paper



Kodak still makes paper, just no more black and white paper.

--
darkroommike

"Ken Nadvornick" wrote in message
news:Xfocg.54018$ge7.19817@trnddc01...
> "Dave the Guy" wrote:
>
> > ROCHESTER, N.Y. (AP) -- Eastman Kodak Co. is raising
> > prices for photographic paper this summer to offset a
> > steady rise in the cost of raw materials, including pulp,
> > silver and petrochemicals.
> >
> > Kodak, which is in the midst of a mammoth digital
> > overhaul, said Monday that the price hikes will take
> > effect in July, varying from around 4 percent to 10
> > percent across a wide range of silver halide-based
> > paper made for both consumer and professional
> > markets.
> >
> > ''Over the past several years, Kodak has been
> > absorbing unrelenting increases in the costs of raw
> > materials,'' the company said in a statement.
> >
> > ''Other costs tied to the escalating price of energy,
> > including transportation and packaging, also have
> > increased,'' it said. ''These pressures have reached
> > the point where they can no longer be offset by
> > Kodak's ongoing productivity programs.''
> >
> > The company has racked up $2.2 billion in restructuring costs since
> > January 2004. It reported a $298 million loss in the first quarter --
> > its sixth straight quarterly loss.
> >
> > Kodak shares fell 35 cents, or 1.5 percent, to $23.51 in morning
> > trading on the New York Stock Exchange.
>
> Heh, heh. Leave it to Kodak to raise prices on something they no longer
> even manufacture.
>
> I remember an observation from someone a while back, something to the
effect
> that 'Kodak's ability to piss off and alienate its lifelong customers is
> nothing short of breathless...'
>
> Does this fall into that category?
>
> Ken
>
>



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