kodak lays off 15000 people

Discussion in 'Kodak' started by Hugo Drax, Jan 22, 2004.

  1. I don't know about Thailand, but Nigeria is full of banks bursting with
    money from kings and princes and businessmen who have been dethroned and
    deported and just need me to let them use my bank account to extradite all
    their millions into the USA............
     
    William Graham, Jan 24, 2004
    #21
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  2. Hugo Drax

    Bob Hickey Guest

    I have a lot of rich friends there too. They E-mail me all the time.
    Bob Hickey
     
    Bob Hickey, Jan 24, 2004
    #22
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  3. Hugo Drax

    David Starr Guest


    AMEN!!!


    - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
    Professional Shop Rat: 14,236 days in a GM plant.
    - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
     
    David Starr, Jan 24, 2004
    #23
  4. Hugo Drax

    Matt White Guest

    Oh, be nice! Kodak makes some very well-designed labels for rebranding
    memory cards they buy from other manufactureres.
     
    Matt White, Jan 24, 2004
    #24
  5. Hugo Drax

    Bob Monaghan Guest

    Hmmm? Sales are up an astonishing 10%, yet profits have collapsed from
    113 million to 19 million dollars?

    Why/how? Because the mgmt keeps fiddling while kodak burns, with
    restructuring costs jumping from $107 to $256 million in the 4th quarter.
    Without these restructuring charges, they would have had profits of $168
    million instead of $19 million. Wouldn't profits going from $113 to $168
    million and 10% more sales have caused stocks to go up more than 15%? So
    what do they plan in the future, more profits or more restructuring? - You
    guessed it, lots more restructuring!

    They are going to spend $600-800 million to dispose of facilities, and
    other charges totaling 1.3-1.7 billion US$ in reorganization? That's 25
    years worth of current profits of $19 million, yes, in restructuring
    charges?

    they are selling off a third of their factory space? Doesn't that suggest
    they expect to make a third less stuff in 2-3 years? Hmmm?

    what happens when sales are flat, or declining, instead of growing at 10%?

    source:
    http://story.news.yahoo.com/news?tm...040122/ts_afp/us_film_technology_040122230107

    my $.02

    bobm
     
    Bob Monaghan, Jan 24, 2004
    #25
  6. Hugo Drax

    The Wogster Guest

    They probably plan on making a lot more stuff, just making it in China
    and India rather then in the USA. Think about it, they make film and
    chemicals, in The USA they need to worry about pollution and the EPA, in
    China or India they can pollute as much as they want, and they save a
    lot of money on labor, you pay a worker $2/hr in China or India, and you
    make the worker a rich man, you pay an American worker $10/hr and he
    cries poor.

    W
     
    The Wogster, Jan 24, 2004
    #26
  7. Hugo Drax

    Tony Spadaro Guest

    Kodak killed off the Instamatic about 30 years ago - the first in a long
    series of really stupid moves designed to shoot themselves in the foot, and
    acquire a good case of gangrene. Look at all the ways they have lost money
    since -- 110, the Disk, Photo CD, and various other complete losers. I
    notice that in the short term, saying they are laying off 15,000 emplyoees
    did make them some money - the stock went up for at least a day. I however,
    did not buy - and I suspect those who did will soon regret it.
     
    Tony Spadaro, Jan 24, 2004
    #27
  8. Hugo Drax

    T. P. Guest


    Oh, yes!

    I'd forgotten about those ... Sorry, Kodak!

    ;-)
     
    T. P., Jan 24, 2004
    #28
  9. Hugo Drax

    George Mann Guest

    Vinyl is hardly as flawed a medium as consumers have been led to believe.

    But your right about digital having no charactor (and then some). Thats one
    of the reasons why some of us still listen to those "antiquated vinyl
    disks"!;o)
     
    George Mann, Jan 24, 2004
    #29
  10. Hugo Drax

    Adam F Guest


    Precisely.


    Adam F
     
    Adam F, Jan 25, 2004
    #30
  11. Hugo Drax

    Mark Roberts Guest

    Yup. I love playing vinyl to people who have never heard good analog
    reproduction before: they're unfailingly astonished :)
    OTOH, I've decided to sell off some of my more valuable LPs to finance
    some new photographic equipment. Anyone want a Beatles Sgt. Pepper UHQR?
     
    Mark Roberts, Jan 25, 2004
    #31
  12. Hugo Drax

    Paolo Pizzi Guest

    Republican-style management? ;-)
     
    Paolo Pizzi, Jan 29, 2004
    #32
  13. Hugo Drax

    Bob Monaghan Guest

    yes, lots of corp. are doing that in USA and japan, switching to low labor
    costs, esp. china with undervalued currency now.

    but the kodak releases didn't suggest this AFAIK, rather, said they were
    cutting staff worldwide by 15,000+ and reducing factory space with huge
    writeoff costs. NOT that they were moving overseas to cut costs, but
    downsizing total staff and factory space (by 1/3rd). Given the costs of
    this restructuring is multi-billions, and as I noted 25 years worth or 100
    quarters of last quarter's net profits, this doesn't look like outsourcing
    but serious downsizing at considerable billions of $ worth of costs.

    my $.02 ;-)

    bobm
     
    Bob Monaghan, Jan 30, 2004
    #33
  14. Hugo Drax

    Ron Todd Guest

    Good grief Bob!

    Why don't you talk to the Business Profs at SMU about these issues
    before you go off into these things?



    Best Regards.

    *****************************************
    Boycott list:

    Belgium, France, Germany, Finland, Sweden, Switzerland, PRC, Iran, Syria,
    Hollywood, San Francisco, Massachusetts, New York City, Sierra Club, ACLU,
    Movies of the first blacklist, Turner, Madonna, S. Crowe, Dixie Chicks, Cher, U2, rapp,
    Trudeau, W.Miller, Disney, ABC news, CBS news, NBC news, CNN, PBS, B&H Photo Video, Heinz
    Foods, Ontario & Quebec provinces,

    Sometimes the only influence you have is to say, "No, I'm not buying."

    For those who are unclear about the situation, California is the Clinton - Davis model for the rest of the United States of America.
     
    Ron Todd, Jan 30, 2004
    #34
  15. Hugo Drax

    Meryl Arbing Guest

    The biggest mistake that Kodak made was in panicking and jumping ship to
    digital prematurely. They thought that 'changing horses in mid-stream'
    (never a good idea) would be the way to enter the 21st century. Too late,
    they will discover that they made the wrong choice and should have stood
    their ground and fought actively against digital by increasing their R&D
    spending on film technology. They should have emphasized film's economy,
    convenience, familiarity, simplicity as opposed to digital which is
    outrageously expensive to get into, requires the user to be 'tethered' to a
    computer and to learn photo software. Altogether, dropping off the film at
    the lab and picking it up an hour or so later is so much simpler than
    sitting for hours on end playing with Photoshop.

    By jumping into the digital hole, Kodak has committed corporate suicide. It
    is sad to see but they are too far-gone to save now.
     
    Meryl Arbing, Apr 9, 2004
    #35
  16. Hugo Drax

    Alan Browne Guest


    Lathered up aren't you? Your stupid rants get dumber with each passing
    month as digital matures and improves. There is still a large place for
    film (which is where Kodak earned most of last years revenue).

    I know several digital shooters who not only have adapted well to
    digital, they spend more time shooting and less time screwing with labs
    to get what they need. And they make money doing it.

    Digital isn't for everyone to be sure, but for those who understand its
    capabilities and take advantage of them, while not overstepping the
    dwindling limitiations, it works just fine. Sorry if that is over your
    head, but it is just the way things are.
     
    Alan Browne, Apr 9, 2004
    #36
  17. Hugo Drax

    Tony Spadaro Guest

    Meryl - do you take stupid pills?

    You really sound like a man who takes stupid pills. Your lack of logic
    and complete disregard of all facts indicates to me a real problem with your
    mental processes. As has been pointed out to your sorry brain about 100
    times - Anyone can drop off their flash card at any one of about 95% of all
    the labs that also work from film, and have prints in an hour, for about the
    same price as film prints. Nobody has to "waste" their lives slaving in
    front of a hot computer any more than they have to have a darkroom to make
    prints from film.
    As to your Kodak abandoned film rant - Walk into a store that sells
    film. Are there any yellow boxes there? Be honest. Kodak is at very least,
    the number 2 supplier of film on this particular planet -- you may not be on
    this planet though, and I don't know who makes the film for whatever gasbag
    you call home.
    Either get a new set of stupid rants or figure out some new ways to
    present your old ones. you are like an lp which skips back and plays the
    same line over and over. It was't a good line 3 years ago and has not
    improved with age. Find a new dead hobby horse to beat.
     
    Tony Spadaro, Apr 9, 2004
    #37
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