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Technology Stocks : WDC/Sandisk Corporation

WDC 172.26

-2.2%

Dec 31 3:59 PM EST

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To: Ausdauer who wrote (19106)	2/13/2001 12:20:21 PM
From: Road Walker	Read Replies (1) of 60323

Tuesday February 13 8:53 AM ET Kodak, Olympus in Digital Camera Cross-Licensing Pact ROCHESTER, N.Y. (Reuters) - Photography giant Eastman Kodak Co. (NYSE:EK - news) said on Tuesday that it signed a cross-licensing agreement with Japanese camera maker Olympus Optical Co. Ltd. (7733.T) to help expand the digital photography market. The companies said in a statement that they will cross-license their patented digital camera technology. Each has more than 1,000 patents relating to digital cameras and digital photography technology. Financial terms were not disclosed. The companies also said they will work together to promote improved digital printing of pictures, which should help consumers find better ways of storing and printing pictures. They will use Kodak's online photo services, such as its Print+Kodak Internet photofinishing. Kodak said it was in talks with other digital camera makers over potential licensing agreements. Kodak also said on Tuesday that it had signed an agreement with Dell Computer Corp. (NasdaqNM:DELL - news), under which Dell will provide computer and software systems to more than 3,500 Kodak Express stores in Latin America to help boost their digital technology. Kodak has been trying to redefine itself as a major digital player, in what has become an increasingly competitive market. Recently, the company has been investing heavily in digital and online photo ventures in order to position itself as one of the leading digital photography companies. Kodak's shares have been hovering close to 52-week lows in recent months as investors remain unconvinced of the company's digital strategy. On Monday, its shares closed at $45.20 on the New York Stock Exchange (news - web sites), the lower end of a 52-week range of $35.31 to $65.69.

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