With all the discussion today about the disappearance of Kodak paper many of us may have missed an equally important announcement about the future of the “Great Yellow Box.” See the following:

“Creo, a subsidiary of Kodak since June 15, 2005, has key strengths in imaging, software, and digital printing plate technology. The leading provider of graphic communications solutions worldwide, the Kodak Graphic Communications Group (GCG) offers image capture systems; professional color, copydot, and high-speed document scanning systems; inkjet printing and proofing systems; workflow and color management software; thermal imaging devices for film, plates, and proofs; high-quality proofing media, printing plates, and recording film; on-demand color and black-and-white printing systems; data storage products; and professional services. The GCG unites the rich technological heritage of five companies: Kodak Polychrome Graphics, NexPress, Kodak Versamark, Encad, and Creo.”

Kodak’s acquisition of Creo has been in the works since January and had to jump a lot of hurdles in this country, Canada and South Africa. They got final US approval from the Justice Department early this month and the final approval from South Africa yesterday. So, while divesting themselves of the paper division, the acquisition of Creo -- manufacturers of the Leaf digital backs and the high-end EverSmart scanners, puts them squarely back in a leadership position in the commercial/professional digital and graphic arts world.
Interesting, perhaps they are not so stupid.