Imation trickles along

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21 April 2005 -Oakdale (MN): Imation has reported Q1 sales of $325.2 million, down from $339.3 million a year ago, but net income rose to $31.4 million from $21.4 million on a tax gain.

Chairman and CEO Bruce Henderson said: "We are pleased with the solid start to 2005, which demonstrates the resilience of the business and the focus and maturity of the Imation team."