31235--3/2/2006--EASTMAN_KODAK

related topics

{product, market, service}

{property, intellectual, protect}

{cost, operation, labor}

{operation, international, foreign}

{system, service, information}

{acquisition, growth, future}

{customer, product, revenue}

{control, financial, internal}

{debt, indebtedness, cash}

{condition, economic, financial}

{product, liability, claim}

If we do not effectively execute our digital transformation, this could adversely affect our operations, revenue and ability to compete. If we fail to comply with the covenants contained in our Secured Credit Agreement, including the two financial covenants, our ability to meet our financial obligations could be severely impaired. If we cannot effectively manage transitions of our products and services, this could adversely affect our revenues. If we cannot effectively anticipate trends and respond to changing customer preferences, this could aversely affect our revenues. If we cannot adequately protect our intellectual property, our business could be harmed. Our revenue, earnings and expenses may suffer if we cannot continue to implement our intellectual property licensing strategies. Our revenue, earnings and expenses may suffer if we cannot continue to license or enforce our intellectual property rights. Our revenue, earnings and expenses may suffer if third parties assert that we violate their intellectual property rights. If we are not successful in transitioning certain financial processes and administrative functions to a global shared services model and outsourcing some of their work to third parties, our business performance, cost savings and cash flow could be adversely impacted. Our inability to develop and implement e-commerce strategies that align with industry standards, could adversely affect our business. System integration issues could adversely affect our revenues and earnings. Our inability to effectively manage our acquisitions, divestitures and other portfolio actions could adversely impact our revenues and earnings. Economic trends in our major markets could adversely affect net sales. If we do not timely implement our planned inventory reductions, this could adversely affect our cash flow. Delays in our plans to improve manufacturing productivity and control cost of operations could negatively impact our gross margins. We depend on third party suppliers and, therefore, our revenue and gross margins could suffer if we fail to manage supplier issues properly. If our planned improvements in supply chain efficiency are delayed, this could adversely affect our revenues and earnings. The competitive pressures we face could harm our revenue, gross margins and market share. If we fail to manage distribution of our products and services properly, our revenue, gross margins and earnings could be adversely impacted. Economic uncertainty in developing markets could adversely affect our revenue and earnings. Because we sell our products and services worldwide, we are subject to changes in currency exchange rates and interest rates that may adversely impact our operations and financial position. Management has concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2005 due to a material weakness in internal controls surrounding our accounting for income taxes. If we fail to remediate this material weakness or any material weaknesses we may discover in the future, we may not be able to provide reasonable assurance regarding the reliability of our financial statements. As a result, our business, brand and operating results could be harmed. If we cannot protect our reputation due to product quality and liability issues, our business could be harmed.

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31235--3/2/2006--EASTMAN_KODAK_CO