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Business
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Number of pages / Number of words: |
3 / 663 |
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Kodak's projected spending could reach as much as $3 billion in future investments to aid the shift. With these investments Kodak claims a tremendous turnaround in revenue. Kodak anticipates reaching $16 billion in revenue by 2006 and $20 billion by 2010. To pay for the $3 billion in investments however Kodak has been slashing jobs rapidly...
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Kodak has cut over 22,000 jobs over the past five years and plans on further reduction. Jobs are not the only expense to be cut. Kodak has suggested to its board of directors to cuts dividends by 72%, thereby reducing the current semi-annual dividend of $0.90 per share to $0.25 per share.
While Kodak has plans to overcome the drop in film sales, they have many financial obstacles to overcome...
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General points of the essay
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