Eastman Kodak announced today that they have developed a new set of color filter patterns that will eliminate the need for flash. If they are able to produce this and put them onto cell phones and other high volume products, this could be really huge for them. Picture a future where all those dim, fuzzy photos captured by cell phone cameras are a thing of the past.
Kodak continues to strengthen their digital position, and it will certainly be interesting to see how the company performs from here on out.
You can read the press release here.
For the past two weeks or so, there was unusual volume on the 27.50's. After today's announcement, all the odd options trading on the 27.50's sort of makes sense now. Who knows if there was a leak of some sort, but what's clear is that those call buyers made a killing.
Anyway, I do hope that Kodak makes the most of this technology, and that it's not a mere flash in the pan. Its weary shareholders can't afford to have any more setbacks and disappointments.