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April 19, 1988

BUSINESS OVER TO KODAK

By CBR Staff Writer

As a first step towards getting out of the photocopier business, IBM announced late yesterday that it was selling its US copier service business and copier sales agreements to Eastman Kodak Co, and that Kodak would market IBM’s copiers alongside its own – no doubt only until the IBM products become obsolete, whereupon IBM can be expected to exit the business altogether. Terms of the pact were not disclosed, but the two companies said that similar agreements were being negotiated in other countries – and Kodak will offer jobs to IBM employees in the units affected, and IBM will try to find other work for those who don’t want to transfer.

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