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Settlement Eats Up Imation Profit
July 23, 2009
From News
Imation Corp. Thursday reported a $57.6 million loss for the most recent quarter, which was largely due to a $49 million settlement due to the company's settlement with Philips.
Video: Eco-friendly Toner Cartridges
May 7, 2009
From News
Imation introduces new toner cartridges remanufactured from old cartridges. Watch the video, live from Pepcom's EcoFocus Green Technology Event.
Eco-friendly Toner Cartridges
May 4, 2009
From Video
Imation delivers new toner cartridges remanufactured from old toner cartridges. Live from Pepcom's EcoFocus Green Technology Event.
Imation Names Lucas President
February 20, 2009
From News
Mark E. Lucas has been named president and COO of
Imation Corp., the company announced this week. In addition, the company has given CEO Frank P. Russomanno the additional title of vice chairman. Lewis will report to Russomanno.
Imation Announces TDK Mini-Blu-ray Disc
August 2007
From News
Another day, another new recordable Blu-ray disc.
Imation Corp. said Friday that it will release a new 8cm mini-rerecordable Blu-ray Disc, under the “TDK Life on Record” brand. The discs will hold 7.5 GB of data, as well as ability to store 60 minutes of high-definition video. The discs, when they arrive in September, will be available in version that cost $24.99 and $34.99. Compatible with the just-announced Hitachi DZ-BD70A and DZ-BD7HA Blu-ray camcorders, the discs will compete with a similar product, also announced Friday, from rival Verbatim.
Imation bought most of the TDK brand in April for $300 million,
Imation Buys Remaining Memcorp Assets
May 2007
From News
Less than a month after announcing its purchase of the recording properties of the TDK brand, the Minnesota-based blank media company
Imation said Tuesday that they are buying the assets of another top blank media brand: Memcorp, Inc., the maker of the Memorex brand. The deal is for about $60 million, including $23 million in cash and over $37 million in three-year notes.
Imation is buying the Memcorp properties from a privately held company called Hopper Radio, and the deal is expected to close in the third quarter.
Imation had already purchased the Memorex brand for $300 million in January of 2006, but
Imation Buys Remaining Memcorp Assets
May 2007
From News
Less than a month after announcing its purchase of the recording properties of the TDK brand, the Minnesota-based blank media company
Imation said Tuesday that they are buying the assets of another top blank media brand: Memcorp, Inc., the maker of the Memorex brand. The deal is for about $60 million, including $23 million in cash and over $37 million in three-year notes.
Imation is buying the Memcorp properties from a privately held company called Hopper Radio, and the deal is expected to close in the third quarter.
Imation had already purchased the Memorex brand for 300 million in January of 2006, but the
Imation Buys TDK Recording Business
April 2007
From News
The Minnesota-based blank media company
Imation announced Thursday that has purchased the recording properties and brand name of well-known rival TDK. The deal, which covers media properties such as flash media, optical media, magnetic tape, and accessories, is for $300 million. TDK will remain in existence as a separate company, with its research and development, manufacturing and OEM portions. The $300 million sale price consists of $280 million in
Imation stock, and $20 million in cash; the deal is expected to close this fall.
Optical Still Strong- Taiwan, Mainland China Will Ship 12.3 Bil
April 2005
From Dealerscope
The optical storage manufacturing industry has gravitated toward Taiwan and mainland China in recent years. Almost 50 percent of optical drives and 80 percent of discs will originate from a Taiwanese or Chinese manufacturer in 2005. Taiwan-based manufacturers are expected to ship 100.27 million drives and 11 billion discs in 2005, according to the Industrial Economics and Knowledge Center. These figures are equivalent to 42 percent and 70 percent, respectively, of total global shipments.
Imation, TDK, Maxell, Philips, Mitsubishi, Sony, Pioneer, Wal-Mart, Auchan and Best Buy are some of the major brands and resellers that source optical storage products from Taiwan. Capable