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http://abcnews.go.com/Business/wireStory?id=1921758&CMP=OTC-RSSFeeds0312ROCHESTER, N.Y. May 4, 2006 (AP)— Eastman Kodak Co., undergoing a bumpy transition to digital photography, posted a wider $298 million loss in the first quarter Thursday its sixth quarterly loss in a row and is considering possibly selling its fabled health-imaging business.
Largely because of restructuring costs, Kodak lost the equivalent of $1.04 in the January-March quarter, compared with a loss of $146 million, or 51 cents a share, a year ago.
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Last July, the 126-year-old company disclosed plans to lay off 10,000 employees on top of 12,000 to 15,000 job cuts targeted in January 2004.
Kodak said it is "exploring strategic alternatives" for its Health Group, maker of X-ray film, medical printers and other health-imaging prodcuts and services. Those alternatives include a partnership, an outright sale and other options, said spokesman David Lanzillo. The division had revenues of $2.7 billion last year. The division was created a year after the discovery of X-ray film in 1895.
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