Big Yeller

[P3D Eric Goldstein <egoldste@xxxxxx>]

Caught this on the wires just now...

> Wednesday June 11 3:30 PM EDT 
> 
> Kodak faces U.S. pricing presure-analyst
> 
> NEW YORK, June 11 (Reuter) - Eastman Kodak Co faces severe pricing 
> pressure in the U.S. film industry from Fuji
> Photo Film Co (4901.T), a Prudential Securities analyst said, citing 
> retail sales data from Information Resources Inc and
> industry insiders. 
> 
> Kodak shares were down 4-3/8 to 79-1/2 in late afternoon trade. 
> 
> According to Prudential analyst Alexander Henderson, a pricing war is 
> brewing in the U.S. film industry because ``Fuji
> is being very agressive in its pricing against Kodak and private 
> labels.'' 
> 
> Fuji is pricing at a level that is pressuring private labels, which 
> are typically priced between 40.0-50.0 percent below
> brand-name film, Henderson said. 
> 
> That could portend a ``real pricing war,'' Henderson said, adding that 
> he estimates Kodak may have lost between three
> and four percentage points of U.S. market share in the 35 millimeter 
> market so far this year to Fuji. 
> 
> ``This is a yellow flag on Kodak,'' Henderson said. ``We're very 
> concerned.'' 
> 
> Other analyst also expressed concern about Kodak's shares. 
> 
> Salamon Brothers analyst Jonathan Rosenzweig said in a research note 
> that he has ``received mixed signals regarding
> Kodak's near-term outlook in the consumer area.


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