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American Morning

'Minding Your Business'

Aired February 09, 2004 - 07:24   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


BILL HEMMER, CNN ANCHOR: Kodak has been hit hard by the competition of digital photography. So could giving customers snapshots in a snap turn the company around?
Andy Serwer is minding your business, back with us here -- happy Monday.

ANDY SERWER, "FORTUNE" MAGAZINE: Happy Monday to you.

Yes, the situation at Kodak obviously is not a huge surprise to anyone. They're in trouble because of digital photography. Now they're rolling out some self-service kiosks in drugstores and malls around the country, hoping to stem the tide.

Here's how it works. You pop your film in there and in about five minutes you come back, your pictures come up on the screen, you get to pick out which ones you want. It costs you four bucks and you get a CD. So, you know, it really is something they're trying to do to fight back against digital.

Last year, digital cameras outsold regular cameras for the first time. And if you check out, I think we have a screen here that shows exactly what's happening with film sales. Look at that. I mean that is what we call in business a decline, isn't it?

HEMMER: Wow.

SERWER: That's a decline, 948 to 767. So it really is a tough road.

HEMMER: Yes, forecast that over a decade and you've really got some damage done.

SERWER: If you extrapolate.

HEMMER: Extrapolate, correct.

SERWER: Yes.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com






Aired February 9, 2004 - 07:24   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
BILL HEMMER, CNN ANCHOR: Kodak has been hit hard by the competition of digital photography. So could giving customers snapshots in a snap turn the company around?
Andy Serwer is minding your business, back with us here -- happy Monday.

ANDY SERWER, "FORTUNE" MAGAZINE: Happy Monday to you.

Yes, the situation at Kodak obviously is not a huge surprise to anyone. They're in trouble because of digital photography. Now they're rolling out some self-service kiosks in drugstores and malls around the country, hoping to stem the tide.

Here's how it works. You pop your film in there and in about five minutes you come back, your pictures come up on the screen, you get to pick out which ones you want. It costs you four bucks and you get a CD. So, you know, it really is something they're trying to do to fight back against digital.

Last year, digital cameras outsold regular cameras for the first time. And if you check out, I think we have a screen here that shows exactly what's happening with film sales. Look at that. I mean that is what we call in business a decline, isn't it?

HEMMER: Wow.

SERWER: That's a decline, 948 to 767. So it really is a tough road.

HEMMER: Yes, forecast that over a decade and you've really got some damage done.

SERWER: If you extrapolate.

HEMMER: Extrapolate, correct.

SERWER: Yes.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com