Imation doesn't hit quarterly targets. May sell parts of the company

Grants | Legacy Digitization | Topics | Business & Industry |
October 6, 2000
Andrew Haeg - Reporter
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FOR FRIDAY MORNING Imation Corporation warned investors yesterday that its third quarter results would fall below expectations. The Twin Cities-based data storage and image management company will eliminate about 10 percent of its total workforce. Imation's poor performance is a big change of fortune for a company that a year ago was enjoying strong growth. Minnesota Public Radio's Andrew Haeg reports.

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