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Technology Stocks : Imation (IMN)

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To: Jann Nance who wrote ()11/25/1996 9:42:00 AM
From: Paul Weiss   of 103
 
Jann-- I acquired a couple of shares in the MMM spinoff, and added a few more on the open market (23 1/2). It is still a very small position, and because so little information is available I consider it to be speculative. On the plus side, this is a $2 billion company that is almost unknown. Management is capable, experienced. Core business(es) appear well established in their niches. The wild card in all this is the LS-120. If this product is successful, the stock price could move far and fast. And what is fair valuation for IMN? I wish I knew. On balance, though, I think you're ahead of the herd by even being aware of this generally unkown company. Paul
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