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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Jerome Wittamer who wrote (1454)11/11/1997 4:06:00 PM
From: Mike Winn  Read Replies (1) | Respond to of 60323
 
Kodak Still Sees Losses In Digital -Analyst

NEW YORK (Reuters) - Eastman Kodak Company executives said today they continue to see losses in their digital imaging
business in the near term, but they expect those losses to narrow over time, according to an analyst.

Kodak managers were speaking to Wall Street analysts and institutional investors at a meeting here Tuesday morning.

The analyst said that Kodak executives reiterated their committment to the digital photography business, and seemed upbeat
about the near-term future of the business.

The analyst, who declined to be indentified, said that his initial impression of changes announced by the company on Tuesday
were generally positive, and he expected the changes to ultimately be a boost.

Earlier, Kodak said it was cutting costs by at least $1 billion over the next two years, taking a fourth quarter pretax charge of at
least $1 billion, and was cutting 10,000 jobs worldwide. The company has about 94,000 employees.



To: Jerome Wittamer who wrote (1454)11/11/1997 4:20:00 PM
From: robert Schwartz  Respond to of 60323
 
The 11/10 Electronic News describes a handheld portable data collector (price $1345) that features "... either a 2 MB or 4MB external Flash read-only memory card, which is based on solid-state floppy disk card technology.." Videx, the manufacturer, will begin shipping in January.
Sandisk isn't mentioned, but but they're talking about the company's or its licensees' product, aren't they? I can't imagine there'd be much volume for Sandisk in this product, but it's an interesting evolution of a machine that's been around a long time.

Rob