Joan, I concur that prices are being raised by both Polaroid and Kodak. Look at these statements from their Yahoo profiles. I have a hard time seeing how either of these companies is in the position to raise prices, yet they are anyway. Which means they are stuck in a position where even if it costs them market share they HAVE to raise prices or go out of business. This is the worst of all possible worlds.
Eastman Kodak Company primarily develops, manufactures and markets consumer, professional, health and other imaging products and services. For the nine months ended 9/30/01, revenues decreased 5% to $9.88 billion. Net income fell 77% to $282 million. Revenues reflect lower sales in the consumer business due to deteriorating economic conditions. Earnings also reflect lower gross profit margins, restructuring costs and higher interest expense.
Polaroid Corp., designs, develops, manufactures and markets instant and digital imaging products, photographic cameras and films, videotapes, light polarizing filters and lenses, and commercial films. For the six months ended 7/1/01, sales fell 25% to $664.3 million. Net loss totalled $200.8 million vs. income of $25.2 million. Revenues reflect decreases in all three regions. Loss reflects the inclusion of a $80 million restructuring charge. |
