Kodak 2014 Annual Report Download - page 10

We may pursue acquisitions or combinations that could fail or present unanticipated problems for our business in the future, which would adversely affect our ability to
realize the anticipated benefits of those transactions or increase the price we would be required to pay.
We may seek to enter into transactions that may include acquiring or combining with other businesses. We may not be able to identify suitable acquisition or combination
opportunities or finance and complete any particular acquisition or combination successfully. Furthermore, acquisitions and combinations involve a number of risks and
challenges, including:
Any of these factors could adversely affect our ability to achieve anticipated levels of cash flows or realize synergies or other anticipated benefits from a strategic transaction.
Furthermore, the market for transactions is highly competitive, which may adversely affect our ability to find transactions that fit our strategic objectives or increase the price
we would be required to pay (which could decrease the benefit of the transaction or hinder our desire or ability to consummate the transaction). Strategic transactions may
occur at any time and may be significant in size relative to our assets and operations.
If the Company is unable to successfully develop or commercialize new products, our business, financial position and operating results may suffer.
We generally sell our products in industries that are characterized by rapid technological changes, frequent new product and service introductions and changing industry
standards. Without the timely introduction of new products, services and enhancements, our products and services will become technologically obsolete over time, in which
case our revenue and operating results would suffer. Therefore, our future results of operations will depend to a significant extent upon our ability to successfully
commercialize new products in a timely manner. The success of our new products and services will depend on several factors, including our ability to:
As a result of these and other factors, products currently in development by Kodak may or may not be successfully commercialized in a timely manner, or at all. If any of our
key products cannot be successfully or timely commercialized, our operating results could be adversely affected. Moreover, we cannot guarantee that any investment we made
in developing products will be recouped, even if we are successful in commercializing those products, which could have a material adverse effect on our business, financial
position and operating results.
We may not be successful in commercializing technologies for micro 3D printing, one of our target markets, which could have a material adverse effect on our business,
operating results and financial position.
We are in the process of commercializing technologies for micro 3D printing, one of our target markets. We may not be successful in developing and marketing products in
some or all of the areas we seek to enter in micro 3D printing. Development, production, marketing or administrative costs may exceed expectations and operating cash flow
generated from these products. Customers may favor other technologies or solutions, and our products may not be competitive on the basis of cost, functionality or other
characteristics. In addition, our competitors may have better technologies to which we may not have access, and may have more financial or other resources to support
development and marketing of their products. We rely on our partners, such as UniPixel and Kingsbury, for technology and other expertise that are key to our efforts to
commercialize micro 3D printing products. Issues with either of these companies or in our relationship with them could adversely affect our plans with respect to
commercialization of our technologies. The investment required to develop products may exceed our expectations. If any or all of these risks occurred, we may not realize
benefits associated with our investments in micro 3D printing, and it could have a material adverse effect on our business, operating results and financial position.
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the ability to obtain required regulatory and other approvals;
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the need to integrate acquired or combined operations with our operations;
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potential loss of key employees;
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difficulty in evaluating operating costs, infrastructure requirements, environmental and other liabilities and other factors beyond our control;
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potential lack of operating experience in new geographic areas;
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an increase in our expenses and working capital requirements;
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management’s attention may be temporarily diverted; and
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the possibility that we may be required to issue a substantial amount of additional equity or debt securities or assume additional debt in connection with any such
transactions.
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identify customer needs;
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innovate and develop new technologies, services, and applications;
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commercialize new technologies in a timely manner;
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manufacture and deliver our products in sufficient volumes and on time;
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differentiate our offerings from our competitors’ offerings;
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price our products and services competitively;
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anticipate our competitors’ development of new products, services or technological innovations;
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work successfully alongside our partners, including UniPixel, Bobst and Kingsbury; and
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control product quality in our manufacturing processes.
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