Via financialskeptic.blogspot.com/:
Eastman Kodak (NYSE:EK) reported a small but significant profit for Q4 of $17 million. It was probably the toughest $17 million they have ever earned. The milestone of digital earnings growth surpassing the rate of decline from traditional product lines was also critically important....
...If growth in digital earnings is to continue either R&D has to be properly focused on a ramp up or you will have to buy it. A $42 million dollar decrease in Q4 R&D expenditures to generate a $17 million profit looks suspicious and opportunistic.
Kodak is like the wolf whose foot is caught in a trap. It eventually concludes that is has to gnaw its own appendage off and worry about it later.
$25.56 (02/12/07)
