The Rochester-based company had expressed concern that some of its managers would share classes with the Fuji employee.

Analysts reached yesterday, before the system was informally introduced, said anything that stimulated additional picture-taking should benefit the Rochester-based company.

Mr. Golisano did, in fact, start his Rochester-based company.

The Rochester-based company said it had also benefited from a decline in its tax rate to 37.3 percent, from 43.2 percent a year ago.

During the cold war, the Rochester-based company designed and manufactured electronic imaging chips for use in spy satellites.

The Securities and Exchange Commission is investigating whether the Rochester-based company inflated 1993 sales of contact lenses.

The new personal copier will be made for the Rochester-based company by the Sharp Corporation, of Japan.

Robert Brust, chief financial officer, said the Rochester-based company would buy back $9 million to $10 million worth of shares a day, starting today.

The Rochester-based company began a significant restructuring in 1989, at a cost of $549 million.

The Rochester-based company also introduced its Kodak Weekend 35 camera, a waterproof model that can take photos in up to 12 feet of water.