Subject: Re: Kodak Hikes Prices for Photographic Paper
who cares, real men use Fuji color materials and Ilford B&W.
Good riddance EK.
On 22 May 2006 09:41:03 -0700, "Dave the Guy"
#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
#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
#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
#''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
#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.
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