Eastman Kodak Co. says it will "harness the power" of digital technology to expand into a range of commercial businesses and diversify its business portfolio in this decade.
If the company can accomplish its goals, Kodak said it could generate $16 billion in revenues by 2006 and reach the $20 billion mark by 2010. To do so, Kodak anticipates spending upwards of $3 billion on investments and acquisitions by 2006.
"We have a goal of becoming a $20 billion company by 2010, reflecting a healthy mix of businesses that are commercial and consumer, traditional and digital, new and established-and all of them taking advantage of the opportunities available in the $385 billion infoimaging market," said Kodak Chairman and Chief Executive Daniel A. Carp.
Kodak's Health Imaging division will play a critical role in those growth plans, as the unit gains more market share in digital health imaging and information technology (IT) services.