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Analysis Kodaks Fuzzy Future

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When Eastman Kodak emerges from bankruptcy this summer or fall, it will be a shadow of the blue-chip corporate giant it once was, according to a New York Times DealBook blog analysis on Friday. Consumers will probably still be able to find Kodak-brand film in vacation spots around the world. They will still be able to buy digital cameras bearing the Kodak name. And they will still be able to download and print their digital pictures at kiosks in their local drugstores. But those businesses will no longer be owned or controlled by Kodak. As part of the more than yearlong bankruptcy process, all those businesses were sold to others. Antonio M. Perez, Kodak’s oft-criticized chief executive, who has been trying to stage a turnaround of the company since 2005 and has overseen it through bankruptcy proceedings, said last week that the company had a “clear path forward” and was positioned for a “profitable and sustainable future.” But some skeptics sounded warnings about Kodak’s outlook, noting that certain commercial businesses that the company is banking on are fiercely competitive and that Kodak’s own projections show steep declines in growth in other business lines.