Kodak details growth plans to investors
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.
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.