(Editor's note: Last week Kodak announced their second imaging film price-hike for 2006) This week we received the press release below, which we have reprinted in its entirety. Read into it what you will about the health of Kodak's Health Group}

ROCHESTER, N.Y., Dec. 27 – Eastman Kodak Company (NYSE:EK) today provided details on its previously announced annual strategy meeting with investors scheduled for February 8, 2007 in New York City, and its planned fourth quarter 2006 earnings announcement.

Kodak also indicated that it is making significant progress in completing its study of strategic alternatives for its Health Group, as well as final preparations for launch of its inkjet initiative. The company expects to make public announcements on both programs in early 2007.


“Our intention to meaningfully participate in the inkjet market and our decision to define a new strategic direction for our Health Group are understandably of interest to our investors, and I am mindful of our commitment to provide updates on both of these initiatives by the end of this year,” said Antonio M. Perez, Kodak Chairman and Chief Executive Officer. “We are pleased with our progress to date and we fully expect to make definitive announcements on both of these important business initiatives on or before February 8.

“As we proceed through the exploration of strategic alternatives for our Health Group, the interests of our customers and employees are of primary focus. As always, we will continue to meet the needs of our customers in the same high-quality fashion that they have come to expect from Kodak,” said Perez.

The investor strategy event will be held at Thomson Financial, 195 Broadway, beginning at 9:00 AM Eastern Time, and is expected to conclude by Noon Eastern Time.

The company also announced that it expects to release its fourth-quarter 2006 financial results on Monday, January 31, 2007 at 7:00 AM Eastern Time over Business Wire.

Antonio Perez and Frank Sklarsky, Kodak’s Chief Financial Officer, will host a conference call for investors at 11:00 AM Eastern Time that day. The conference call will include a brief discussion of fourth-quarter and full-year results, followed by a question and answer session.

Conference call dial-in information and webcast details for the investor strategy meeting and fourth-quarter conference call will be provided in the near future.

More Industry Headlines