Kodak 2006 Annual Report Download - page 2

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Dear Fellow Investors:
In 2006, a new Kodak began to emerge.
For the fi rst time in our history, the full-year growth of our digital earnings
exceeded the decline in earnings from our traditional business. When you
consider where we were three years ago, with few digital prospects to speak
of and the fi lm industry in rapid decline, this milestone speaks volumes about
our determination to remake and renew Kodak in the digital age.
Our record of innovation and corporate responsibility grew in leaps and
bounds. In 2006, we secured 688 new patents, putting us among the world’s
top-ranked patent recipients, especially measured against dollars spent.
We won dozens of awards for excellence and innovation in product design,
service, and marketing. We were also recognized for our business ethics,
corporate citizenship, diversity, and environmental stewardship.
Our e orts to capitalize on our intellectual property accelerated in 2006. We
now have patent license agreements with more than 20 companies. In addition
to generating cash and earnings, these agreements increase our ability to enter
new digital markets and reach more people with cutting-edge technology.
We have met unprecedented challenges in the company’s history and we
are becoming a stronger company in the process. Moreover, we’re within
sight of completing what will be one of the most remarkable turnarounds in
corporate history.
We have a lot of work ahead of us on many fronts—launching our new and
revolutionary consumer inkjet business, capitalizing on the creation of our
graphic communications business, and completing our major restructuring,
to name three. We approach this work with a confi dence reinforced by our
strong position in numerous digital markets, and our proven ability to make
the changes needed for success.
reconnect. reimagine. redesign. recharge.