Last $3.27 USD
Change Today 0.00 / 0.00%
Volume 48.8K
IMN On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 11:53 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

imation corp (IMN) Snapshot

Open
$3.25
Previous Close
$3.27
Day High
$3.30
Day Low
$3.25
52 Week High
03/4/14 - $6.60
52 Week Low
08/5/14 - $3.00
Market Cap
140.2M
Average Volume 10 Days
122.0K
EPS TTM
$-1.23
Shares Outstanding
42.9M
EX-Date
01/30/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMATION CORP (IMN)

imation corp (IMN) Related Businessweek News

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imation corp (IMN) Details

Imation Corp., together with its subsidiaries, operates as a data storage and data security company worldwide. The company operates in two segments, Consumer Storage and Accessories (CSA), and Tiered Storage and Security Solutions (TSS). The CSA segment provides consumer storage media products primarily include optical products comprising DVDs, CDs, and Blu-ray disc recordable media, as well as USB flash drives, flash cards, and external hard disks; and audio and accessories, such as headphones, speakers, and accessories. This segment offers its products under the brand names of Imation, Memorex, and TDK Life on Record for the use in music and video recording applications. The TSS segment offers storage systems products comprising Nexsan E-Series disk arrays; Assureon secure archive systems for data offload, compliance, and secure cloud deployments; and NST line of storage products. This segment is also involved in the provision of mobile security solutions, which include secure storage products, software products, and portable workspace solutions under IronKey brand name. In addition, it offers magnetic tape media products, such as Imation RDX removable hard disk drives, single dock systems, and multi-bay RDX storage libraries for business and operational continuity planning, disaster recovery, data back-up, near-line data storage, and retrieval, as well as archival storage. The company serves businesses and individual consumers through distributors, wholesalers, value-added resellers, original equipment manufacturers, and retail outlets. Imation Corp. has a strategic agreement with TDK Corporation to develop and manufacture magnetic tape technologies. The company is headquartered in Oakdale, Minnesota.

940 Employees
Last Reported Date: 03/13/14

imation corp (IMN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $754.8K
Chief Financial Officer and Vice President
Total Annual Compensation: $243.3K
Senior Vice President and Group President of ...
Total Annual Compensation: $372.0K
Vice President and Group President of Tiered ...
Total Annual Compensation: $300.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $317.0K
Compensation as of Fiscal Year 2013.

imation corp (IMN) Key Developments

Imation Corp. Announces 6TB Hard Disk Drives

Imation Corp. announced it is now offering 6TB hard disk drives with its Nexsan E-Series(TM) family of data storage solutions. Through E-Series, users now can pack more than 1PB of storage capacity into 12 rack units and more than 3.5PB into a standard rack, achieving a new level of density and capacity customization in their data storage. In addition to the new capacity capabilities, Imation has added more forward-thinking features and functionality to the E-Series family, including: Support for 16Gb Fibre Channel to enable increased throughput performance; An E32XV expansion unit to add more system performance and capacity to the Nexsan E32V storage array and deliver more value to database applications; Support for Microsoft's Offload Data Transfer (ODX) to minimize the host resources required for data transfers and eliminate the SAN as a bottleneck for files such as databases and video; Snapshot cloning to enable volumes to be created and internal data migration to be done from snapshots. This makes it possible for users to move production data to test environments without disrupting their production environments. Imation's Nexsan E-Series is a family of high-density, high-performance and highly reliable storage solutions that can be directly attached or networked to workstations and servers. E-Series delivers the density and efficiency that mid-sized organizations need to scale their capacity while lowering their overall space requirements and operating costs. All E-Series systems take the extra step to reduce power and cooling requirements through their multi-level, power-reducing AutoMAID(TM) capabilities. They also include an easy-to-use management interface that simplifies deployment and management for the resource-constrained IT administrator.

Imation Corp. Appoints Tony Brausen as Independent Director

Imation Corp. announced the addition of a new independent director, Tony Brausen, to its board of directors. Imation's board will now have five members, four of whom are independent. Brausen joined The Mosaic Company in 2006 and is currently the senior vice president-finance there.

Imation Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Imation Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $178.6 million against $211.7 million last year. Operating loss from continuing operations was $20.1 million. Loss from continuing operations before income taxes was $21.4 million against $0.7 million last year. Loss from continuing operations was $19.8 million or $0.48 per basic and diluted share against $1.8 million or $0.04 per basic and diluted share last year. Net loss was $21.4 million or $0.52 per basic and diluted share against $5.1 million or $0.13 per basic and diluted share last year. Capital spending was $1.3 million against $2.1 million last year. Non-GAAP net revenue was $178.6 million against $211.7 million last year. Non-GAAP operating loss from continuing operations was $14.9 million against non-GAAP operating income from continuing operations of $5.1 million last year. Non-GAAP loss from continuing operations was $14.6 million or $0.35 per diluted share against non-GAAP income from continuing operations of $4.4 million or $0.11 per diluted share last year. Adjusted LBITDA was $9.5 million against adjusted EBITDA of $11.1 million last year. For the six months, the company reported net revenue of $375.5 million against $436.1 million last year. Operating loss from continuing operations was $36.2 million against $14.7 million last year. Loss from continuing operations before income taxes was $38.2 million against $15.9 million last year. Loss from continuing operations was $36.6 million or $0.89 per basic and diluted share against $17.4 million or $0.43 per basic and diluted share last year. Net loss was $38.9 million or $0.95 per basic and diluted share against $26.2 million or $0.65 per basic and diluted share last year. Capital spending was $2.3 million against $3.5 million last year. Book value per share as of June 30, 2014 was $8.13. Non-GAAP net revenue was $375.5 million against $436.1 million last year. Non-GAAP operating loss from continuing operations was $28.9 million against $5.4 million last year. Non-GAAP loss from continuing operations was $29.3 million or $0.71 per diluted share against $8.1 million or $0.20 per diluted share last year. Adjusted LBITDA was $18.0 million against adjusted EBITDA of $7.0 million last year.

 

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