Wednesday, February 07, 2007

Kodak may pull down the shutters on film business

by James Doran @ The Times Online

Kodak is considering hiving off its traditional photographic film arm and selling or spinning off the business it created more than a century ago.

The business, which has long been in decline, could raise as much as $1.5 billion (£664 million), according to Wall Street analysts.

Antonio Perez, the chief executive of Kodak, who came in three years ago to turn around the ailing company, believes that the traditional film business has just a decade of growth ahead of it.


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