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Last $4.63 USD
Change Today -0.05 / -1.07%
Volume 83.1K
IMN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

imation corp (IMN) Snapshot

Open
$4.64
Previous Close
$4.68
Day High
$4.67
Day Low
$4.47
52 Week High
05/21/15 - $4.75
52 Week Low
09/18/14 - $2.69
Market Cap
197.7M
Average Volume 10 Days
94.9K
EPS TTM
$-1.62
Shares Outstanding
42.7M
EX-Date
01/30/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMATION CORP (IMN)

imation corp (IMN) Related Businessweek News

No Related Businessweek News Found

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, Tiered Storage and Security Solutions (TSS), and Consumer Storage and Accessories (CSA). The TSS segment offers storage and security solutions, such as NST, a hybrid storage line product; Nexsan E-Series disk arrays; and Assureon line, which delivers secure archive systems for data offload, compliance, and secure cloud deployment. It also provides magnetic tape media products used for business and operational continuity planning, disaster recovery, data backup, near-line data storage, and retrieval, as well as mass and archival storage. This segment offers its products under the IronKey brand name. The CSA segment provides consumer storage media products primarily include optical products comprising DVDs, CDs, and Blu-ray recordable media, as well as USB flash drives, flash cards, and external hard disks drives; and audio and accessories, such as speakers, headphones, and accessories. This segment offers its products under the Imation, Memorex, TDK Life on Record, and TREK brand names. The company serves businesses and individual consumers through distributors, wholesalers, value-added resellers, original equipment manufacturers, and retail outlets. The company is headquartered in Oakdale, Minnesota.

910 Employees
Last Reported Date: 03/16/15

imation corp (IMN) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $754.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $264.9K
Senior Vice President and Group President of ...
Total Annual Compensation: $387.1K
Vice President and Group President of Tiered ...
Total Annual Compensation: $306.5K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $325.5K
Compensation as of Fiscal Year 2014.

imation corp (IMN) Key Developments

Imation Partners with Vista Networking Solutions and SoleraTec to Ship New Network Video Recorder Embedded with RDX Technology

Imation announced that it has partnered with Vista Networking Solutions to engineer and bring to market a scalable and unique network video recorder storage solution. By integrating removable and rugged RDX hard drive cartridges from the company with SoleraTec innovative and modular Phoenix RSM video surveillance software, organizations now can deploy a solution purpose-built for medium and long-term video surveillance storage and maximize the security of their high-value data. The scalability, flexibility and operational cost savings of using integrated multi-tiered storage platforms and multi-stream IP cameras provide a more affordable and easier to manage video surveillance retention solution. These solutions also are capable of retaining and managing video surveillance over several years instead of just days or weeks. Users can choose low-resolution video settings on primary or secondary storage and keep the RDX cartridges on the shelf where they consume no electricity to further improve the total cost of ownership for video surveillance retention. The company, with its RDX platform, provides a complete portfolio of purpose-built storage solutions enabling users to deploy the right storage products for the right application. Like with tape cartridges, RDX removable hard drive cartridges can be rotated through a long-term plan allowing re-use after the retention period has been exceeded. Alternatively, users may elect to retain video permanently by using new cartridges at each retention point. The RDX removable cartridge is an excellent video storage platform, and are delighted to be partnering with VNS and Imation on this solution. RDX media-based removable storage offers rugged, reliable and convenient storage for all kinds of data assets, especially video assets. It provides enterprise performance and fast access, with transfer rates of up to 648GB/hr and capacities currently up to 2TB per cartridge. This delivers an ideal video storage solution for mid-size businesses needing extra video retention periods.

Imation Announces Board Changes

Imation announced that, based on the preliminary vote count provided by its proxy solicitor following the Company's 2015 Annual Meeting, shareholders have voted to elect to the Board of Directors the three nominees proposed by Clinton Group Inc.: Joseph A. De Perio, Robert B. Fernander and Barry L. Kasoff. These three individuals will replace outgoing Directors Mark E. Lucas, L. White Matthews, III and David B. Stevens.

Imation Seeks Strategic Alternatives

Imation Corp. (NYSE:IMN) is considering strategic alternatives. Imation's Chief Executive Officer, Mark Lucas, commented, "We thank all of our shareholders for their participation throughout this process. We look forward to working collaboratively with our new and existing directors to maximize shareholder value for all shareholders, including completing the fulsome review of strategic alternatives."

 

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Industry Analysis

IMN

Industry Average

Valuation IMN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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