Kodak, HP End Joint Venture

Eastman Kodak Co. and Hewlett-Packard Co. dissolved a 3-year-old joint venture to manufacture digital picture-developing machines that the companies had said would generate as much as $1 billion in revenue by 2005.

The companies developed the machines to offer retailers the ability to process small, specialized orders of photographs as a complement to the larger mini-lab machines that handle the bulk of orders in drugstores and supermarkets. Lehman Bros. analyst Caroline Sabbagha estimated Kodak spent as much as $100 million on the project.