The company that helped put cameras into the hands of everyday consumers has struggled to remake itself in photography's digital age. Eastman Kodak's attempted transformation has been hampered as consumers and businesses cut back on spending during the downturn. The company has reported just one fiscal year in the black since 2005.
Eastman Kodak has tried to rebound by focusing on developing its consumer inkjet and commercial printing businesses and by licensing its technology, but some analysts have warned the company is overly dependent on that strategy.
The biggest blow to earnings in 2010 came from a $626 million write down associated with its unit handling film. The rising price of commodities like silver, used in making film, and competition from digital have taken a toll on the division.
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