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Bill Miller's Kodak moment

November 07, 2005 | About:

For Eastman Kodak, it's been one miscalculation after another. But legendary fund manager Bill Miller is still a believer.

In October, Kodak posted a $1.03 billion loss, its third consecutive quarter in the red and the fourth consecutive quarter in which earnings have fallen short of Wall Street targets.

Among other things, the company underestimated how fast Chinese consumers would switch from film to digital cameras. Also, results from the digital-imaging-health group lagged, in part because of quality problems.


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