Imation Corporation (IMN) - NYSE
  • Thu, Jun. 9, 10:51 AM
    • Based on a preliminary vote count, Arlington's (AI -1.3%) slate of nominees have been "overwhelmingly" elected to the board, among them CEO J. Rock Tonkel.
    • Source: Press Release
    • Working with the Clinton Group, Imation Corp. (IMN) had nominated its own slate for the board.
    | Thu, Jun. 9, 10:51 AM | 2 Comments
  • Dec. 21, 2015, 12:45 PM
    | Dec. 21, 2015, 12:45 PM | 3 Comments
  • Aug. 13, 2015, 4:05 PM
    • Sphere 3D (NASDAQ:ANY) has acquired Imation's (IMN -1.8%) RDX removable disk backup storage line for $4.9M (based on Sphere 3D's Aug. 6 close) plus the net value of $1.4M worth of inventory. The payout is entirely in stock.
    • The RDX line had revenue of $14.5M over the 12 months ending June 30. Sphere 3D asserts the deal gives it "greater control over the backup appliance components" of its storage hardware/software lineup.
    • It also sees an opportunity to expand RDX's sales in North America and Japan - the business currently relies heavily on Europe. Sphere 3D already sells RDX-based products under the Tandberg Data label.
    • Notably, Sphere 3D says the purchase will be immediately accretive on a gross margin basis, but doesn't make any such promise regarding earnings accretion. Shares plunged following the announcement, and have closed at $3.21.
    | Aug. 13, 2015, 4:05 PM | 5 Comments
  • Feb. 7, 2014, 9:10 AM
    | Feb. 7, 2014, 9:10 AM | 1 Comment
  • Sep. 13, 2013, 9:45 AM
    • Shares of Imation (IMN +3.6%) spike at the open after Lake Street Capital initiates the storage/data security company at Buy with a PT of $8 (potential upside of 91.4%).
    | Sep. 13, 2013, 9:45 AM
  • Apr. 1, 2013, 5:37 PM
    After-hours top gainers, as of 5:15 p.m.: BGCP +43%. HUM +9%. NUAN +6%. AMSC +6%. UNH +4%.
    After-hours top losers: NAT -6%. ATLS -3%. CECO -3%. SCVL -3%. IMN -2%.
    | Apr. 1, 2013, 5:37 PM | 1 Comment
  • Oct. 25, 2011, 10:09 AM

    Storage products vendor Imation (IMN -9.5%) tumbles after reporting Q3 revenue of $308.6M (-10% Y/Y) and EPS of -$0.18, missing consensus by $10.4M and $0.15. The company blames the shortfall on new storage products failing to offset a decline in legacy product sales. (PR)

    | Oct. 25, 2011, 10:09 AM
Company Description
Imation Corp. is a scalable storage and data security company. Its portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey mobile security solutions. The company operates its business through two reporting segments, Consumer Storage and... More
Sector: Technology
Industry: Data Storage Devices
Country: United States