NEW YORK - George Eastman the founder of iconic camera maker Eastman Kodak and Eastman Chemical has seen his two companies travel along very different paths over the last few years. Eastman Kodak a former Wall Street titan has seen it shares plummet over the last two years as the recession has hurt its staple products. The company will look to head north tomorrow when it reports its fourth quarter earnings. The company tomorrow will either tell shareholders that they have finally turned around the struggling business or it will again show that they are headed south towards bankruptcy. Kodak does have a strong financial position which allows it flexibility and time to implement its new strategy of digital based products.
Shares of Kodak plummeted 14% at midday as its initial claim against Apple and Research in Motion is not valid. Kodak was confident the final measure will prevail.
Kodak hopes to finally have a Kodak moment tomorrow.
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