Archives for March 4, 2011

WSJ: Moody’s cuts Kodak credit rating

The Wall Street Journal reports Moody’s Investors Service cut Eastman Kodak Co. credit ratings a notch to Caa1, , seven notches from investment-grade territory, with a negative outlook. Moody’s is the second agency, after Standard & Poor’s,  to move the film company to highly speculative territory this week. Moody’s noted the company’s “weak financial performance and the challenges Kodak faces in achieving sustained profitability and positive cash flow.”

According to Moody’s, the downgrade “reflects the ongoing weakness in the company’s core business operations that we believe will remain challenged to achieve and sustain profitability” says Richard Lane, Moody’s senior vice president. Excluding potential intellectual property (IP) licensing income and proceeds from non strategic asset sales, “we believe the company could see its current $1.6 billion cash balance decline by $600 million to $700 million during 2011,” says Lane.

American Greetings acquires U.K.’s Watermark Publishing

American Greetings Corp., Cleveland, Ohio, announced its European subsidiary, U.K. Greetings Ltd., acquired Watermark Publishing Ltd., a privately held company located in Corby, England. Terms of the transaction were not disclosed. Established in 1990, Watermark has grown to approximately $40 million of annual revenue and employs about 250 associates.

Amaya intros Brno Dri+Cap to Canada

Brno Dri+Cap

The Brno Dri+Cap is now available in the Canadian marketplace through Amaya Foto, a division of Amplis Foto, Markham, Ontario. The product is designed to reduce moisture in a camera body or lens and maintain a relative humidity of 35-45 percent.

Moving from a cooler temperature to warmer environment can cause condensation in a camera and lens. To prevent the condensation and keep the ideal humidity in a camera body and lens, the Dri+Cap has a color indicating silica gel in a special packet that does not shed dust particles.

The packet is placed in a chamber in the rear of each Dri+Cap. The chamber has an O ring to keep the cap sealed and not allow the packet to absorb moisture when the cap is not on the item. When attached, the Dri+Cap has another O ring to keep moisture out of the camera body or lens and to allow the packet to absorb whatever moisture the lens or body has been exposed to.

The Dri+Cap can be purchased in a kit for Canon or Nikon cameras which includes a rear lens cap and a body cap. Dri+Caps can also be purchased separately for individual lenses or bodies.

Olympus updates E-PL2, E-5 firmware

Olympus E-PL2 firmware updated

Firmware updates have been announced by Olympus Imaging America Inc., Center Valley, Pa., for the E-PL2 and E-5.

For the E-PL2, version 1.1 allows for increased control when using the new Add-on Conversion Lenses. The update changes the default setting of the Image Stabilizer to “On” when a photographer selects converter lens scene modes Fisheye (for use in conjunction with Fish-eye Lens Converter FCON-37), Wide-Angle (with Wide-angle Lens Converter WCON-37), and Macro (with Macro Lens Converter MCON-58).

For the E-5, version 1.1 ensures the camera’s LCD monitor’s color compensation will not be automatically reset.

To download and install these firmware updates, camera owners need to launch Olympus camera software and connect the camera via USB cable to an internet connected computer. Choose the Update function from the Camera menu in the software.

DayMen has new Sekonic meter in Canada

Sekonic DigiCineMate L-308DC

The Sekonic DigiCineMate L-308DC is now available in Canada from DayMen Canada, Markham, Ontario.

The compact meter is the first that can be customized to display only the specific functions needed for the task at hand. There are three ways to meter: HD Cine Mode, for DSLR videographers, making exposure readings and controling light using shutter speeds and frame rates, delivering aperture settings with one-tenth stop accuracy; Cine Mode, for digital cinematography, allows selecting the most useful frame rates and shutter angles for exposure control with one-tenth stop accuracy, with lux and foot-candle readouts for set-up of lights; Photo Mode, with sambient and flash functions including cord and cordless flash measurements as well as ambient EV measurement.

There are three ways to measure light: with the Lumisphere, Lumidisc and reflected light readings.