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Technology Stocks : Imation (IMN)
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To: pater tenebrarum who wrote (83)1/26/2000 6:06:00 PM
From: UUplink  Read Replies (2) of 103
 
Imation bucking the downtrend today. Credit the Gregg Powers effect:

moneycentral.msn.com

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Powers mentions Imation (IMN), a collection of 18 businesses spun off from 3M (MMM) in 1996. "We spent months peeling through the businesses, and among the 18, some were just dynamite," he explains. "[CEO] Bill Monahan has done a wonderful job of selling off unprofitable businesses and sharpening the company's focus."

That focus has become high-end data-storage media such as disks and tapes. Imation is the dominant vendor of such products for a number of popular data-storage devices. "The key to Imation is that they're what's backing up all the info coming off the Internet," says Powers. "As long as the Internet grows, it has to be archived somewhere."

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Also of note, the Compaq Superdisk upgrade. (see news)
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