Wall Street is being buoyed today by Eastman Kodak Company's stock buy-back announcement, with shares of EK up about 15% in mid-day trading. (See "Eastman Kodak rallies on buyback plans".) With Kodak's share price at historic lows recently ($12.34 close on Monday), management no doubt feels like they're bargain hunting with the $1 billion earmarked for share re-purchase. (Also see Kodak's official press release for further details.)
On the product front, Motorola (NYSE MOT) and Kodak have teamed up on the new Motozine ZN5 camera phone. (See "Can a cell phone replace your digital camera?") Interesting that Kodak had a release yesterday entitled "KODAK Imaging Technology Takes Aim at the Mobile Imaging Market" that doesn't mention the Motozine or Motorola.
On the product front, Motorola (NYSE MOT) and Kodak have teamed up on the new Motozine ZN5 camera phone. (See "Can a cell phone replace your digital camera?") Interesting that Kodak had a release yesterday entitled "KODAK Imaging Technology Takes Aim at the Mobile Imaging Market" that doesn't mention the Motozine or Motorola.
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