All: It looks like Kodak has found "Internet" religion in addition to their tie-in with TSIG.
dailynews.yahoo.com
Friday February 19 4:20 PM ET
Kodak, eBay Plan Online Photo Pact
ROCHESTER, N.Y. (Reuters) - Eastman Kodak Co. (NYSE:EK - news), shooting for a bigger share of the online digital imaging market, said Friday it plans to provide Internet photo technology to Web auctioneer eBay Inc.
Under the proposed three-year pact, San Jose, Calif.-based eBay would license Kodak technologies to allow people who trade online to add photographs to their auction listings without scanners or additional hardware and software.
''This...will make it even simpler for sellers to exhibit their items with photographs taken from 35mm and APS cameras, and for buyers to see those items before bidding,'' Phil Garfinkle, chief of Kodak's online digital imaging division PictureVision, said in a statement.
To add a photograph, eBay members would take their film to a Kodak photo processor and have it scanned and put on the Internet. When eBay sellers create an auction listing, they would be asked if they wanted to look at their images online by entering a personal access code. The seller could view the roll of film and choose an image, which is then automatically attached to their eBay listing.
Shares of Kodak were at 66.44 shortly before the close up 2.62 on the New York exchange.
The companies have yet to reach a definitive agreement on the deal but proposed terms call for eBay to provide online links to promote Kodak's PictureVision online technology. Kodak and eBay would also explore other online and offline activities to promote the service.
Kodak and eBay declined further comment on financial terms of the deal.
EBay users can currently scan their own photos and put them on the auction site.
The deal remains subject to negotiation of the definitive agreement and successful development of technology to link the Kodak system with eBay's site.
Shares of eBay were at 237.5 in late afternoon trade, up 3.13 on the Nasdaq exchange. |
