We know of Kodak as a consumer photographic company but they have a huge commercial side. Motion Picture Film, Scientific Film, Photographic Print Papers, even the chemicals used to develop film and the papers as well as a huge business with just scientific and analytical chemicals. Well, in the 4th Quarter of 2005, their Digital sales eclipsed their Traditional sales for the first time. From the Kodak website:
Kodak's 4th- Quarter Sales Rise 12% to $4.197 Billion
Full-Year Digital Sales Exceed Traditional Sales for the First Time; 4th-Qtr Digital Sales Surge 45%, Led by Graphic Communications and Consumer Digital Company Exceeds Full-Year Cash Goals; Delivers $1.180 Billion in Net Cash From Operating Activities in 2005; Cash Balance Totals $1.665 Billion at Year-end 4th-Qtr GAAP Net Loss of $52 Million ($0.18 Per Share), Largely Reflecting Restructuring Charges, Tax Benefits and Cumulative Effect of an Accounting Change
Changes afoot... Let's hope their corporate culture doesn't mess this up, they are a good company at heart but their core competency is becoming irrelevant and they will need to address this. Their stock history has not been good since 1991 or so...