Imation (IMN) Message Board

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Technology Stocks : Imation (IMN)

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To: Teri Stephenson who wrote (20)	2/3/1998 5:54:00 PM
From: Ronald Ashkenazy	Read Replies (1) of 103

I think IMN 4Q earnings are due tomorrow. Any predictions?? I know that the strong American currency is probably still going to be a negative factor. Clearly the trend hasn't been favorable over, for example, the last 9 months. The German Mark on May 2, 1997 was already devalued at 1.728 Marks/Dollar and as of yesterday had worsened to 1.815 Marks/Dollar. I think IMN does a fair amount of business in Europe so this doesn't seem to bode well for the bottom line. And to add insult to injury, some analysts are saying that if the US should engage Iraq, a side effect would be the further strengthening of the dollar to the detriment of US companies doing business in Europe. "Other than that Mrs. Lincoln, how did you enjoy the play?" Regards, Ron

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