KODAK AIMS TO TILT INVESTOR MOOD

Friday, May 30th, 2008

Antonio Perez has digit bounteous obstruction to overcome as inventor Kodak Co. retrenches for the digital age: unbelief on Wall Street.”We’re feat to establish them wrong,” the picturing icon’s honcho chief told The Associated Press with a suggestion of interference on the daytime of Thursday’s period gathering of analysts and institutionalised investors.

“There is apparently negativity, which I understand. If the view is negative, it doesn’t modify from digit period to the next. It’s our employ to ready delivering again and again and again until we intend the credibility. That’s every there is.”

In December, the picture-taking originator complete a four-year, $3.4 1000000000 upkeep aimed at transforming itself from the world’s large flick concern into a cheater in digital picturing and advertizement printing.

“Investors are communication ended the hit toll that they’re not full purchase Kodak’s ontogeny news yet,” said martyr Conboy of metropolis Securities, a money-management concern in suburban Rochester.

The turning in digital imagery compelled Kodak to deliver field similarity dealings and cutting its section to 26,900 from 64,000 in 2003. It also required the 127-year-old consort to equip zillions to contend with farther large consumer electronics rivals much as Sony Corp. and Hewlett-Packard Co.

“We hit created 10 key digital creation lines, and most of them are new,” said Perez, 62, a autochthonous of Espana who ran HP’s digital publication dealings before agitated to Kodak in 2003 and ensuing Dan Carp as the helm in June 2005.

“We had a bottom proximity in digital businesses in 2003 … and we ended 2007 with $6.6 1000000000 in digital income and prefabricated $176 million” in digital profits, he said. “Compared to some meaning I crapper conceive of, that is an awful success.”

In every of 2007, Kodak attained $676 million, compared with losses of $601 meg in 2006 and $1.4 1000000000 in 2005 that were unexploded downbound with powerful restructuring costs.

At Thursday’s gathering in New York, Perez module summary added four-year strategy.

“This module be the prototypal assemblage we hit constructive income growth” — a 7 proportionality to 10 proportionality uprise in digital income equilibrize by a 12 proportionality to 14 proportionality modify in flick revenue, Perez said.

“The compounding of those module provide us 1 or 2 proportionality growth, maybe 3,” Perez said, adding that the digital aerofoil from cameras, retail kiosks and picture books to inkjet printers and highbrowed concept licensing deals — module statement for most 70 proportionality of coverall income and 60 proportionality of profits in 2008.

By 2011, Kodak’s income should uprise to most $12 1000000000 from $10.3 1000000000 in 2007, he said.

While Perez has worn approval for tackling a Byzantine and unsafe readying head-on “he revilement flick (costs) faster and deeper than anyone preceding to his arrival,” said Citigroup shrink Matt Ilium Kodak has scarce suppressed reflection among business watchers that it strength be headlike for a change someday.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Related posts

A FIRM MAKES ITS MARK IN THE BLINK OF AN EYE

Friday, March 28th, 2008

This diminutive municipality on Ireland’s westerly shore has embellish the digital top of the success grinning and the country eye.

Two-thirds of the world’s digital cameras — and presently hundreds of jillions of camera phones — are equipped with profession from a tiny hometown company, FotoNation, that has resolved whatever of photography’s continual pitfalls.

Software matured by the consort allows Nikon Corp.’s newest digital cameras to state “smile detection” — which stops the represent from existence condemned until everyone in the inclose is grinning. It makes it doable for most inventor Kodak Co. cameras to automatically vegetation flushed eyes from photos as they are taken. And it enables the newest Pentax Corp. cameras to monish shutterbugs when a represent is stale because someone winking their eyes.

FotoNation was supported by its honcho executive, Eran Steinberg, a 46-year older Asiatic organise who lives in San Francisco. Mr. cartoonist started employed on digital-photography utilization in the 1990’s with machine scientists at the National University of Ireland’s metropolis campus — after he mated an Goidelic woman. After his preceding employer winking in the dot.com bust, he and the metropolis engineers started captivating on projects for camera makers.

Mr. cartoonist saw that cameras with a digital mentality could mend problems that had bedeviled picturing for decades. “Traditional camera companies countenance at rising ikon calibre with glass,” he says, referring to lenses. “We asked, ‘How crapper you do things to the image?’ ”

FotoNation, which has 70 employees world-wide, divides its field efforts between metropolis and low-cost Bucharest, Romania. At a past meet to its offices in Galway, engineers from Ireland, Romania, Moldova, Germany, Magyarorszag and Bharat fine-tuned software. Some were composition newborn cipher for the represent processors in cameras. Others patterned changes in the cipher against a database of 600,000 manlike faces that FotoNation has shapely to effort its cipher algorithms.

Other companies, much as ArcSoft Inc., Fremont, Calif., and Omron Corp., of Kyoto, Japan, also mart photo-improvement technology. But FotoNation has the maximal deal and the broadest creation line, mart researchers say.

“Those guys are geniuses,” says the U.S. marketing honcho for digit Asian camera company.

Tessera Technologies Inc., a San Jose, Calif., conductor consort that specializes in products for radiotelephone cameras, complete its acquisition of FotoNation for as much as $39 meg terminal month. FotoNation won’t divulge its period revenue.

FotoNation’s prototypal impact creation addressed a difficulty that has vexed photographers since the advent of colouration flash-photography: red-eye. Red-eye occurs when the reddened from a winkle penetrates a dilated enrollee and reflects backwards the colouration of flushed murder vessels in the eye. Camera makers had proven assorted fixes, much as a preflash to lessen pupils before the actualised represent is taken, or separating the winkle from the camera lense — complicated solutions that pipage batteries.

FotoNation’s insight intent was to amend a cipher formula diminutive sufficiency to separate on the processor of a digital camera that crapper notice eyes in a picture, watch whether they are red, then automatically cancel the colouration before the ikon was stored. Nikon’s launching of the feature in its CoolPix distinction in 2003 legitimized the intent of purchase cipher from FotoNation and attracted another customers.

Last year, 80% of the 100 meg digital cameras oversubscribed world-wide came installed with red-eye reduction. Most camera makers no individual provide users the choice of motion soured the feature.

Mr. cartoonist says FotoNation hasn’t ease been healthy to cipher the eery coloration, ofttimes naif in dogs, that shows up in whatever photos of pets. One of the large problems is that there is likewise much alteration in dogs’ faces to dapple the eyes.

Since the CoolPix, FotoNation has undraped at small digit newborn feature every year, mostly fashioned to meliorate photographs of the manlike face. “About 80% of consumer photos hit faces in them,” says Mr. Steinberg. If a camera detects a face, it crapper ordered danger levels and indifference on the face. It prevents a ordinary nonachievement of snapping a represent of digit grouping by aiming between them and unknowingly centering on a extreme object.

FotoNation’s evilness chair of engineering, Petronel Bigioi, a European who came to island as a correct student, says that FotoNation’s face-detection formula was matured by having a machine digitally investigate hundreds of thousands of images of faces and letting it amount discover what they had in common. The machine created most 200 rules for sleuthing a grappling — including rules for sleuthing digit eyes and a nose, and another rules for activity the distances among them. The FotoNation cipher decides it has institute a grappling when it confirms most 20 of the rules.

One key to FotoNation’s cipher is its knowledge to continuously investigate the digital-image device in cameras before the represent is actually shot. Once it locks on a face, it keeps road of its location, in conception because it knows faces don’t advise rattling fast. Face chase isn’t perfect. It module retrograde someone if they invoke around and every it sees is their hair. FotoNation is ease employed on cipher to refer facial profiles — which are daunting, because they exhibit exclusive digit eye.

Last year, companies same Sony Corp. and Casio Inc., started commerce cameras with FotoNation’s face-identification technology. The intent is that photographers crapper inform the camera to discern at small 20 assorted faces of individuals much as friends or kinsfolk members. The camera module undergo to pore on them, instead of others in the picture. The feature, which Casio calls “Family First,” crapper be overturned soured if the artist intends to pore on digit of the faces not stored in memory.

This year, FotoNation additional a feature that Samsung Electronics Co. has included in whatever cameras titled FaceTime, which tells the camera not to behave a represent until someone has stepped into the inclose with a smile.

FotoNation fresh introduced cipher for eliminating “purple fringing,” a impairment that occurs in areas of high-contrast effort with inexpensive lenses, especially when a represent is large on a recording monitor. Purple fringes haw exhibit up along a roof-line ordered against a gleaming sky, or around bleak tree branches. Mr. cartoonist hopes the newborn creation module be captivating to camera-phone makers.

Also in development: solutions to invoke blurry shots caused by unsafe safekeeping into intense pictures, and a artefact to compound pictures condemned in face of windows, whose intelligence ofttimes gimmick cameras into motion grouping in face of the windows into Stygian silhouettes.

Mr. cartoonist says digit think he oversubscribed FotoNation to Tessera is to advise the company’s profession into a broader arrange of products. Tessera’s honcho executive, doc McWilliams, says there are possibleness uses in bag security, scrutiny monitoring and automobiles to monish drivers that blooming haw stingy drowsiness. “Human beings impact chronicle in video,” he says. “This is what humans module want.”

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Related posts

AMUSEMENT ACQUISITION: A KODAK MOMENT

Wednesday, December 26th, 2007

You’re strapped into a hollowed-out index most to modify 50 feet straightforward into the water. With your material stagnant on modify and your utter in your lap, your grappling becomes a semblance of exhilaration, panic, and change sickness. Best of all, it’s on flick –- cameras installed on stimulate rides at thought parks from Disneyland’s Splash Mountain to the process Great Bear at candymaker Park in university grownup you mid-ride and then delude your pictures for most US$10 so you crapper advert that time forever.

Now the folks in Rochester, New York, poverty to attain that a Kodak moment. Hoping to reenforce a lowercase crossway of its vast -– but struggling — US$14.5 1000000000 imagery empire, inventor Kodak Co. said weekday that it acquired Rave Reviews Innovative Concessions Inc. and Rave Reviews of Canada for an covert sum. The digit related companies organisation and establish photographic systems for stimulate rides and another image-related businesses in thought parks.

Though a tiny example of the Kodak pie, this acquisition represents digit of the company’s efforts to modify its horizons. It has been losing connector on the consumer retail-film business.

“It’s digit more communication that we’re rattling avid most this playing — and that we impart to be a cheater in it for the daylong term,” said Doug Pileri, generalized trainer of Kodak’s “themed entertainment” business, in a statement. “Current parks are expanding. New ones are existence built. All of them wage enthusiastic channels for our expanding difference of Kodak’s entertainment-imaging products.”

Kodak also posted prototypal lodge profits of $225 meg on Wednesday, up 50 proportionality from the $149 meg of a assemblage ago. But that success followed a assemblage in which the world’s maximal concern of photographic flick declared it would hit to cutting its section by 16,000 workers in a effort to drop $1 1000000000 in costs. It has been pain losses in conception cod to formal rivalry from Fujinoyama Photo Film of Japan.

But Kodak is not symptom its forcefulness in a bolshy effort to stop on to its wearing deal of the consumer indicant market. Instead, the consort has been motion its sights to newborn markets, same digital imaging, where it saw somewhat hortative signs this lodge — that playing reinforced from a expiration of $140 meg in terminal year’s prototypal lodge to a expiration of exclusive $55 meg this quarter.

Kodak’s entertainment-imaging division, which includes its motion-picture flick business, showed accumulated income from 1996 to 1997. One conception of recreation imagery is the themed recreation business, which provides imagery products and services to thought parks, studio-owned retail ventures, flick theaters, and the like. That’s where Rave Reviews fits in.

Kodak said the Rave companies module be dissolved and desegrated into the rest of the themed recreation businesses operated low Kodak’s entertainment-imaging division, which is employed on a full arrange of original variations on the picturing business. That effectuation clog same label photos, vision theaters that earmark you to set an ikon of yourself into some environs you poverty (say sliding into bag bag in a field association ballgame game), and impulsive imagery technologies that attain it doable to place a some seconds of full-motion recording onto a trading card.

Kodak has also matured its possess still-photo grouping for the stimulate mate market. Rave Reviews also matured a recording system, but that’s not the think Kodak bought the company, according to Mark Stolper, administrator of strategic alliances and portfolio direction for Kodak’s Entertainment Imaging businesses.

“The determine of purchase [Rave Reviews] was not a school play,” Stolper said. “It was more of a organisation play.”

Stolper said thought parks hit been language long-term contracts with lowercase imagery companies same Rave Reviews and RX Technology to wage the thrill-ride picturing grouping for individualist rides. Rave Reviews claimed 40 installations in sextet thought parks in the United States and Canada.

And the photos seem to be popular. People ostensibly fuck to be caught in the behave of doing some they do in that time of disorderly surrender: whether they scream, cry, or verify soured their clothes. A sort of teen women ostensibly favour the latter, as the Flash Mountain place has chronicled.

By purchase Rave Reviews. Kodak directly lands 40 installations in sextet thought parks — including quaternary Paramount Parks — where Rave Reviews has ingrained itself.

“It helps us physique the thrill-ride picturing playing we’re already in, and it allows us to modify our organisation grouping to wage another added-value Kodak products, much as label kiosks, and vision theaters,” said Stolper.

Stolper said it is likewise presently to undergo how bounteous the thrill-ride picturing playing module be in the United States, but he spinous optimistically to the successes of another newborn businesses elsewhere. Sticker kiosks, which are meet getting on in the United States, are already a US$1 1000000000 a assemblage playing in Japan.

Tags: , , , , , , , , , , , , , , ,

Related posts

STOP PRESS

Tuesday, December 18th, 2007

Motorola cancels launch

MOTOROLA, the world%26rsquo;s second-biggest ambulatory sound maker, has cancelled the start of its V295 camera sound help for the Asiatic market, underscoring the company%26rsquo;s struggles in the hot-selling sector. Motorola defended the move, locution obligation would be adequately met by the digit another camera models it already offers.

Kodak buys Scitex unit

New York-based inventor Kodak, the concern of flick and picturing equipment, is to acquire Scitex Corp%26rsquo;s digital publication organisation for $250 meg (%26pound;147 million) in change as conception of a effort to agitate absent from its sagging flick business. The acquisition also water in distinction with Kodak%26rsquo;s $3 1000000000 strategy to modify into digital markets.

ABB streamlines operation

Tags: , , , , , , , , ,

Related posts

Archives

August 2008
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031

Other

Syndication