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Memorex to boost Imation data pool

It has been quite a year for Imation so far. Not only has the data storage manufacturer posted a healthy 7.2 per cent revenue rise in 2005 to $1.173 billion, it also announced...

Imation to buy Memorex; posts Q4 profit

20 January 2006 – Oakdale (MN): Imation is to buy Memorex International for $330 million in cash.   The deal, which strengthens Imation's CD and DVD business, includes performance-based payments of $5 million to $45...

Imation appoints VP

11 November 2005 – Oakdale (MN): Imation has promoted Peter Koehn to the position of VP and corporate controller.   In his new role, Koehn will be responsible for financial accounting and controls, planning and forecasting,...

Imation lifts full-year outlook

15 November 2005 – Oakdale (MN): Imation has raised its FY earnings forecast on revenue growth that has exceeded expectations. The company now expects FY profit from continuing operations of $2.28 to $2.32 per...

Imation announces profit boost

19 October 2005 – Oakdale (MN): Imation has revealed a boost to its profits in its Q3 results, and expects growth in its sales to continue.Net earnings rose to $16.8 million, or EPS of...

Imation investor day revealed

20 October 2005 – Oakdale (MN): Imation has announced that it is staging an investor/analyst day on 15 November in New York, hosted by CEO Bruce Henderson and his senior team members.  

Christoffersen joins Imation

 23 August 2005 – Oakdale (MN): Imation has named Randy Christoffersen as VP of sourcing. Christoffersen joins the company after 26 years with Cummins where he served as executive director of supply for the power...

Imation closes sale of Specialty Papers

 4 July 2005 – Oakdale (MN): Imation has announced the 30 June sale closure of its Specialty Papers business to Nekoosa Coated Products. The $17 million sale has potential for an additional $4 million consideration...

Imation sells specialty papers business

16 June 2005 - Oakdale (MN): Imation has agreed to sell its specialty paper business to Nekoosa Coated Products of Wisconsin for $17 million. In a further statement, Imation revealed that the deal could...

Imation trickles along

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....

EOSA signs Rapid and Imation

9 February 2005 - Amsterdam (NL): The European Office Supplies Alliance (EOSA) has chosen Isaberg Rapid and Imation as preferred suppliers, it has announced. The manufacturers, who will become main suppliers in the categories...

Imation revises Q4 to a loss

11 February 2005 - Oakdale (MN): Imation said yesterday that it will revise its Q4 results from a profit to a loss after recording a $13 million loss relating to a legal settlement. Imation...

Profit decline at Imation

25 January 2005 - Oakdale (MN): Imation has reported a decline in Q4 profit, down to restructuring charges, start-up costs and lower revenue stemming from a poor product mix, the company said. Net income...

Imation names new board member

8 October 2004 - Oakdale (MN): Imation has increased the size of its board to nine with the appointment of former Western Digital CEO Charles Haggerty. Imation chairman/CEO Bruce Henderson said: "His extensive...

Q3 earnings plunge for Imation

21 October 2004 - Oakdale (MN): Imation has announced a 42 per cent drop in its Q3 profits. The company revealed net earnings of $9.6 million, or EPS of $0.27, compared to $16.4 million,...

Imation honours innovators

1 October 2004 - Oakdale (MN): Imation has recognised 46 of its employees who have been named as inventors on the 34 patents issued by the United States Patent and Trademark Office last year....

Big Read

Podcast: Mike Gentile, ISG: ‘It’s going to be a love fest!’

Independent Suppliers Group (ISG) CEO Mike Gentile looks ahead to Industry Week in November 2021. With the physical events calendar having been pretty much obliterated...