Eastman Kodak Company cancels dry film processing system

The company expects a decline of up to 30 percent in the consumer film market in the U.S. and 20 percent worldwide in 2005. Kodak will continue to support and market the Digital ICE photo enhancement software suite, also acquired from Applied Science Fiction. Kodak will take a charge of US-$ 45 million for costs associated with the termination of the program, including severance costs to employees, asset impairment charges, the write-off of inventory and goodwill.