This excerpt taken from the EK 10-K filed Feb 27, 2008.
Kodak is the worlds foremost imaging innovator and generates revenue and profits from the sale of products, technology, solutions and services to consumers, businesses and creative professionals. The Companys portfolio is broad, including image capture and output devices, consumables and systems and solutions for consumer, business, and commercial printing applications. Kodak has three reportable business segments, which are more fully described later in this discussion in Kodak Operating Model and Reporting Structure. The three business segments are: Consumer Digital Imaging Group (CDG), Film Products Group (FPG) and Graphic Communications Group (GCG).
During 2007, the Company met or exceeded each of its strategic objectives established for the year:
The Companys 2007 performance was the result of a series of actions taken and business model changes deployed over the last several years to dramatically transform the Company. Over this time period, the Company divested of businesses that were not strategic to the core value proposition of the new Kodak, while investing in targeted acquisitions which built critical capability, scale and portfolio breadth in high value-creating segments. The Company has also been keenly focused on reducing manufacturing capacity in the traditional imaging businesses ahead of demand reduction and rationalizing its go-to-market and administrative infrastructure through its 2004-2007 Restructuring Program, while concurrently investing in people, technology and capabilities in the growing digital businesses. These actions have led to a more sustainable global business model for Kodak. The Companys 2007 financial results begin to reflect this improved business model.