Last €2.88 EUR
Change Today +0.133 / 4.84%
Volume 0.0
IMN On Other Exchanges
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Exchange
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As of 2:06 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

imation corp (IMN) Snapshot

Open
€2.89
Previous Close
€2.75
Day High
€2.89
Day Low
€2.88
52 Week High
03/4/14 - €4.78
52 Week Low
09/22/14 - €2.13
Market Cap
121.8M
Average Volume 10 Days
100.0
EPS TTM
--
Shares Outstanding
42.2M
EX-Date
01/30/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMATION CORP (IMN)

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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 Appoints Geoff Barrall to its Board of Directors

Imation announced that Dr. Geoff Barrall has been appointed to its board of directors, effective December 17, 2014. Barrall is the chief executive officer of Connected Data, creator of the peer to peer private storage devices. He currently serves as Chairman of the Board of Gridstore Inc. and he has previously served on the boards of Nevex Virtual Technologies Inc.

Imation Launches LINK Power Drive, a Combination Flash Drive and Power Bank for iPhone

Imation Corp. announced the Imation LINK Power Drive. The new device brings flash storage and battery-charging capabilities together in a single unit for the iPhone and other iOS devices. The Imation LINK Power Drive offers a reliable charging source for someone on the go. Its 3,000 mAh-rechargeable battery refreshes the iPhone and iPod touch, saving users the hassle of locating power outlets. In addition, it provides the added convenience--even while recharging--of streaming photos, videos and endless hours of music to and from an iPhone and the Imation LINK Power Drive. With its light weight and compact size, the drive fits easily in a bag or purse. Key features: Light weight, compact and highly portable: 2.5 inches x 2.75 inches x 0.75 inches and weighing 3.9 ounces - Mobile data storage and power bank for iPhone 5, 5c, and 5s and iPod touch (5th gen) - Connects to user mobile device (iOS) and allows users to - Free up space on their mobile device - Add content from your computer and transfer to user mobile device - Upload, download or stream photos and videos to and from iPhone, while charging - Works with free Imation LINK app to manage content - Compatible with devices running iOS 7.0 and above with Lightning connector - MFi certified - Built-in stand for iPhone - USB 2.0. The Imation LINK Power Drive will be available in the U.S. in November 2014 in 16GB, 32GB and 64GB capacities for the anticipated retail price of $99.99 (16GB), $119.99 (32GB) and $149.99(64GB).

Spear Point Demanded Divestiture in Letter to Board

Spear Point which owns more than 2% of Imation's stock and group of dissident shareholders have demanded the ouster of Chief Executive Officer Mark Lucas and the sale of certain assets to bolster shareholder value. Spear Point asked the Board to "immediately hire an investment bank" to look for buyers for various Imation assets and to sell Imation’s corporate headquarters as has been previously stated as an objective of Imation. In the absence of a divestiture of assets, Spear Point said, the Board should consider selling the entire company. Imation's Chief Financial Officer Scott Robinson said in a statement that the company "welcomes constructive input toward our shared goal of maximizing long-term value for all stockholders." "The Company has engaged in a constructive dialogue with Spear Point and expects to continue to do so," Robinson said.

 

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Price/Earnings NM Not Meaningful
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Price/Book 0.5x
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