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UPDATE 1-Kodak CEO: retailers cheery on Christmas -report

Tue Jul 7, 2009 7:56pm EDT

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NEW YORK, July 7 (Reuters) - The head of Eastman Kodak (EK.N) said the retailers that the photography and electronics company deals with "believe Christmas will be much better than last Christmas," according to report Tuesday on the Wall Street Journal website.

The retailers have been telling Kodak they see the second quarter as the "bottom" for the economic downturn, the report quoted Chief Executive Antonio Perez, who added Kodak's cash position "now is fine."

If business recovers, the consumer electronics company won't have any issue with liquidity, Perez was quoted as saying. The CEO added Kodak has "plenty of options" if it thinks "the fourth quarter will be lousy."

Perez said he remains cautious, and did not give a specific sales forecast. In April, the company suspended its dividend and posted a wider-than-expected first-quarter loss. (Reporting by Jonathan Spicer; Editing Bernard Orr)



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