![[LOGO] FUJIFILM](img/logo_s.gif)
![[TITLE] Know the FACTS](img/know-title.gif)

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- Since 1994, Fuji employees have produced, on average, more
than the double the revenue of their Kodak counterparts.
Revenue Per Employee
Fujifilm produces twice as much revenue per employee as Kodak
*
Revenue prorated due to transitional 5 month, 11 day fiscal
year
Sources: USA Today 9/17/97, Hoover's Handbook, Value Line
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- "Kodak has a lot of really brilliant scientists hard
at work, and they'll tell you time and time again:
'oh we had that, we just didn't get it out as fast as Fuji.'
So I think they need to rethink the process and work on
cycle times, whether it's in how long it takes to handle
paperwork or how long it takes to introduce a new film.
That's part of the bureaucratic nightmare that is
Kodak."
- Alecia
Swayze, author of "Changing Focus: Kodak and the Battle to
Save a Great American Company"
- "Kodak hasn't acted like a leader in the marketplace.
Kodak isn't in an aggressive position to recoup any
market share."
- Britt Beemer, author of
"Predatory Marketing: What Everyone in Business Needs to
Know to Win Today's Consumer"

- Some of the customers Kodak lost to Fuji may be gone for good. When
Fuji cut prices, many people tried the film.
And many found they "like the color rendition on Fuji
better," according to Shutterbug magazine editor Bob Shell.
- ABC News polled the seven still photographers at Kodak's Nov. 11
press conference to see which film they preferred. All seven were
using Fujifilm.

- Kodak was two years behind Fujifilm in marketing high speed
color film and one-time use cameras which comprised 60% of
the market.
- Kodak film boxes weren't printed in Japanese until 1987.

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In Japan... Albert Sieg, former President of Kodak Japan:
- "One of the biggest problems that Kodak has in Japan
is that for clearly ten years of good opportunity, we neglected
Japan.
"So you know, we did it to ourselves."
- Wall Street Journal,
August 14, 1996
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Kay Whitmore, former Chairman of Eastman Kodak:
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"There is no further barrier in the Japanese market for
Kodak ... if there should be something, it would be only due
to Kodak's own insufficient effort in Japan."
- Kagaku Kogyo Nippo
Journal, October 4, 1990
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Yoshikazu Hori, current President of Kodak Japan:
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"Fujifilm's distribution system (in Japan) may not
necessarily be the problem."
- April 3, 1997 news
conference
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"In the minds of (Japanese) consumers, the image is that
Kodak is a kind of losing dog to Fujifilm. Kodak is always
following Fuji."
- Rochester Democrat
& Chronicle, June 30, 1997
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In the U.S. ... George M.C. Fisher, Eastman Kodak CEO
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"We're clearly mad we got ourselves into the situation
we're in today. Wishful thinking, perhaps like we've been
guilty of in the past, will not change the facts."
- USA Today,
November 12, 1997

With a substantial investment in a marketing and sales campaign
surrounding the 1998 Winter Olympics in Nagano, Kodak's market
share in the region has tripled in 2 1/2 years.
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