Kodak’s Moment Is Over

Dow Jones announced today  that it is dropping three companies from its index of the top 30 industrial stocks as of April 8: Eastman Kodak, AT&T Corp., and International Paper. In a January “Moneybox” column, Daniel Gross foresaw Kodak’s expulsion from the Dow, explaining that the company’s flat-footed response to the digital-photography revolution and foreign competition have transformed it from a global giant into an also-ran.