Imaging Technology Movers Make Strong Percentage Gains: EK, SPLT
February 3rd, 2010Tags: camera, communication, digital, EK, flat screen, Kodak, photography, picks that move, SPLT, technology
Eastman Kodak Company (NYSE:EK) up 12.83% to close at $6.86 on 22,890,860 shares on no news; continuing to benefit from stellar Q4 2009 earnings reported last week. The company enjoyed a spike in sales for its digital products with sales reported at $1.212 billion; earnings from operations for that segment grew to $380 million, compared to a loss of $41 million in the same quarter one year ago. Headquartered in Rochester, New York, Eastman Kodak Company provides imaging technology products and services to the photography and graphic communications markets worldwide. Eastman Kodak has business activity in three segments Consumer Digital Imaging Group (CDG); Film, Photofinishing, and Entertainment Group (FPEG); and Graphic Communications Group (GCG). CDG provides digital still cameras, digital video cameras, digital picture frames and printers etc. FPEG is focused on traditional photography and film products serving motion picture, consumer, professional, industrial, and aerial markets; and thirdly GCG which provides commercial equipment such as wide-format inkjet inks etc. EK is trading well above its 200 day moving average of $3.99 and has gained 206% from a 52 week low in March.
SpatiaLight, Inc. (OTC:SPLT) surged 143.90% to close at $0.01 on official news. Headquartered in Novato, California, Spatialight, Inc. is a technology company manufacturing high-resolution liquid crystal on silicon (LCoS) micro displays for electronics and wireless communication devices.
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