Eastman Kodak
| Eastman Kodak Company <tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;"> | |
| Type | Public (NYSE: EK) |
|---|---|
| Founded | 1881 |
| Headquarters | Rochester, New York, USA <tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Antonio Perez, CEO, President, & Chairman |
</td></tr>Eastman Kodak Company (NYSE: EK) is an American multinational public company producing photographic materials and equipment. Long known for its wide range of photographic film products, Kodak has focused in recent years on three main businesses: digital photography, health imaging, and printing.
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History
Eastman Kodak's origins rest with Eastman Dry Plate Company, founded by inventor George Eastman and businessman Henry Strong in 1881. The Eastman Dry Plate Company was responsible for the first cameras suitable for nonexpert use, such as the Brownie and Instamatic. The Kodak company attained its name from the first simple roll film cameras produced by Eastman Dry Plate Company, known as the "Kodak" in its product line. The Kodak company remains the largest supplier of films in the world, both for the amateur and professional markets. It has also diversified into various other imaging-related industries (such as medical imaging), and continues to work at gaining a stronger foothold in the fields of digital photography and imagery.
Asked about the name "Kodak", George Eastman replied,
- "Philologically, the word Kodak is as meaningless as a child's first 'goo'—terse, abrupt to the point of rudeness, literally bitten off by firm and unyielding consonants at both ends, it snaps like a camera shutter in your face. What more would one ask!"
David Houston, inventor of many patents bought by George Eastman, lived in North Dakota and may have suggested the word "Nodak" to Eastman.
The camera proved such an enormous success that the word Kodak was incorporated into the company name.
After losing a patent battle with Polaroid, Kodak left the instant camera business on January 9, 1986.[1]
Many of Kodak's earlier digital cameras were designed and built by Chinon, a Japanese camera manufacturer. In 2004, Kodak Japan acquired Chinon and many of their engineers and designers joined Kodak Japan. In July, 2006, Kodak announced that Flextronics would manufacture and help design their digital cameras.
As part of its move toward higher end products, Kodak announced in September 15, 2006 that the new M8 camera from German manufacter Leica will incorporate Kodak's KAF-10500 image sensor.[2] This is the second recent partnership between the two companies.
On January 13, 2004, Kodak announced it would stop producing traditional film cameras in the United States, Canada and Western Europe. By the end of 2004, Kodak ceased manufacturing cameras that used the Advanced Photo System and 35mm films. Production of film continued. These changes reflect Kodak's new focus on growth in digital markets.
In an effort to reduce costs, Kodak accompanied its shift toward digital products with a series of layoffs and facility closures, cutting 12,000-15,000 jobs around the world, a 20-25 percent reduction in its workforce.[3]
Kodak owns the Visual Effects Film Post Production Facilities "Cinesite" in L.A. and London as well as LaserPacific, a postproduction facility in Hollywood. Kodak also owns Pro-Tek Media Preservation Services in Burbank, CA. Pro-Tek is the world's premier film storage vault.
On January 6, 2006, Kodak introduced a new corporate logo.[4].
The company is headquartered in Rochester, New York, USA.
Corporate governance
Board of Directors
Richard S. Braddock, Martha Layne Collins, Timothy M. Donahue, Michael Hawley, William H. Hernandez, Durk I. Jager, Debra L. Lee, Delano E. Lewis, Paul H. O’Neill, Antonio M. Perez (CEO, President & Chairman), Hector De J. Ruiz, Laura D’Andrea Tyson
See also
- Film base
- Kodak EasyShare
- List of products manufactured by Kodak
- Print permanence
- Timeline of photography technology
- Kodak Secure Digital cards
References
- ^ "Kodak to stop selling traditional cameras", MSNBC & Reuters
- ^ "Kodak Sensor in Leica M8" Dpreview.com. September 15, 2006.
- ^ http://www.sec.gov/Archives/edgar/data/31235/000120677405000535/ek910724.htm 10-K, SEC EDGAR
- ^ "Kodak unveils new logo" Rochester Democrat and Chronicle. January 6, 2006.
- Arthur H. Bleich (2004). "Going, going, gone! How to Create Prints that Last". Digital Camera.
- Charles Wright (November 25, 2004). Fade to black. The Sydney Morning Herald.
- Bugner, Douglas; LaBarca, Joseph; Kopperl, David; Phillips, Jonathan; Skye, David; Baker, Irene; Cunningham, Caryn; Miller, Paige; and Kaltenbach, Thomas (February 2004). "Survey of Environmental Conditions Relative to Display of Photographs in Consumer Home". IS&T's Thirteenth International Symposium on Photofinishing Technologies. 13, 31-36. ISBN 0-89208-249-6
- Ben Rand (January 22, 2004). Worldwide Kodak Layoffs: Number of Local Layoffs Uncertain. Democrat and Chronicle.
Further reading
- Changing focus: Kodak and the battle to save a great American company by Alecia Swasy Publisher: New York : Times Business, 1997. ISBN 0-8129-2463-0
External links
Categories
Cleanup from January 2006 | Companies listed on the New York Stock Exchange | Electronics companies of the United States | Fortune 1000 | S&P 500 | Computer printer companies | Manufacturing companies of the United States | Photography companies | Rochester, New York | Companies based in New York | Companies established in 1881 | Kodak