Yahoo: Kodak's announced a new strategy to cut costs. In image sensors, Kodak says it will seek alliances with other companies.
Reuters also reports that Kodak plans to trim its own CMOS image sensor investment. The company hopes that some unnamed partner would help it to fund the further development.
Kodak said it will pursue "alliances or other business model changes to reduce risk and enhance revenue and margins." "We are not thinking of divesting any of those businesses [image sensor and some others]," Antonio Perez added. "We have to find a way to continue to be in all those businesses without all the risk."
Update: The official Kodak press release does NOT include image sensors into the "Core Investments" group. Rather, they are included in the group of "Businesses Being Transformed". The PR says:
"Image Sensor Solutions ... require additional investment in order to achieve their full potential. Kodak will reposition these businesses by pursuing alliances or other business model changes to reduce risk and enhance revenue and margins."