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Does Kodak have what it takes?
As many people know Kodak has
had some hard times in the past few years and is struggling to find a way to
survive the digital revolution. It seems the past 7-10 years everybody has been
asking “what is going to happen to Kodak? “ Can they find a way to offer
products that appeal to consumers as they abandon film and start using digital cameras?
Today Kodak took a step in the right direction by announcing a successor to its
current CEO Dan Carp. The new CEO Antonio Perez will officially take the reins
in June. Mr. Perez has his feet firmly
planted in the digital age having worked for Hewlett and various other Hi-tech
companies and is likely to lead Kodak in the direction of offering digital
products to consumers including cameras, printings, an online photo sharing. It’s an uphill battle but many on Wall Street
seem to think that Antonio Perez is up to the task and will be well suited to leverage
the 111 year old Kodak brand.
As a longtime fan of Kodak innovations and a collector of old Brownie cameras I look forward to watching the transformation and hope Kodak can find a way to survive the years ahead.
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