vrijdag, november 07, 2003
Wellicht gaat Kodak toch niet zo digitaal als een aantal hoera-journalisten de afgelopen maand blèrde. Veel grote aandeelhouders willen dat Kodak afziet van zijn heilloze plannen om zijn kaarten te zetten op een onzeker digitaal avontuur.
Federal regulators have given billionaire financier Carl Icahn a green light to buy a big stake in Eastman Kodak Co., which provoked a potential investor revolt this fall by betting its future on digital photography. The veteran corporate raider got permission from the Federal Trade Commission late last week to buy as much as $500 million of Kodak stock, which would make him the photography company's biggest individual shareholder with a 7.3 percent stake.
While Icahn's motivations remain murky, "he is in there to make money, one way or another," said analyst Ulysses Yannas of Buckman Buckman & Reid in New York. "Obviously people think there's value there or they wouldn't be doing this," echoed Shannon Cross of Cross Research in Short Hills, N.J. "With 7 percent, he's going to be applying pressure to Kodak. Whether it amounts to a change in strategy, that's to be seen."
Two weeks ago, a potent group of investors angered by Kodak's hard shift staged a meeting in New York to examine ways to prod the company to reverse course. It's unclear whether Icahn is allied with that group, made up of scores of institutional shareholders that control an estimated 25 percent of Kodak's stock.
Bron: AP.
Federal regulators have given billionaire financier Carl Icahn a green light to buy a big stake in Eastman Kodak Co., which provoked a potential investor revolt this fall by betting its future on digital photography. The veteran corporate raider got permission from the Federal Trade Commission late last week to buy as much as $500 million of Kodak stock, which would make him the photography company's biggest individual shareholder with a 7.3 percent stake.
While Icahn's motivations remain murky, "he is in there to make money, one way or another," said analyst Ulysses Yannas of Buckman Buckman & Reid in New York. "Obviously people think there's value there or they wouldn't be doing this," echoed Shannon Cross of Cross Research in Short Hills, N.J. "With 7 percent, he's going to be applying pressure to Kodak. Whether it amounts to a change in strategy, that's to be seen."
Two weeks ago, a potent group of investors angered by Kodak's hard shift staged a meeting in New York to examine ways to prod the company to reverse course. It's unclear whether Icahn is allied with that group, made up of scores of institutional shareholders that control an estimated 25 percent of Kodak's stock.
Bron: AP.
# posted by Jan-Edward : 00:50
|
|