Imation announced last week, as part of its quarterly earnings release, that it has sold XtremeMac to an undisclosed party. The reason for the sale, the company said, was "to divest lower margin, non-core businesses."
The organizers of the PEPCOM tabletop tech events were at it again last week in New York with their 2010 pre-Holiday edition
Imation Corp. announced Thursday that its vice chairman and CEO, Frank Russomanno, will retire effective May 5. Russomanno had been CEO since 2007, and joined the company after its spin-off from 3M in 1996.
KMG Digital announced today that Eastman Kodak Company has designated KMG as the exclusive worldwide licensee for Kodak branded optical blank media products and media accessories.
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.
Imation delivers new toner cartridges remanufactured from old toner cartridges. Live from Pepcom's EcoFocus Green Technology Event.
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,
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