Imation Reports Second Quarter 2014 Financial Results

Company Posts Sequential Growth in Tiered Storage and Security
Solutions Revenue

OAKDALE, Minn.–(BUSINESS WIRE)–Jul. 31, 2014–
Imation Corp. (NYSE:IMN) today released financial results for the second
quarter ended June 30, 2014 that were in line with the Company’s
expectations.

Q2 Overview

For Q2 2014, Imation reported net revenue of $178.6 million, down 15.6
percent from Q2 2013. Gross margin for Q2 2014 was 19.0 percent versus
26.1 percent a year ago; Q2 2013’s results included a $13.6 million
reversal of a European levy accrual, or 6.4 points of gross margin.
Operating loss from continuing …

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Hybrid, “Do you want to know…. what it is?”

The next line from the Matrix, one of my favorite movies, (the first one, not the sequels) goes something along the lines of the “it” being all around us, everywhere we look, we just do not consciously know it is there. Ironically, this is not far from the truth (ok, enough with the movie lines) when you consider just how much hybrid technology there is in the data center and in our lives. There are hybrid cars, (see Narayan’s great …

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Press Release

Global oil giant Saudi Petroleum selects Tegile Systems to revitalise its storage solution
London, UK. – 30 July, 2014 – Tegile Systems, the leading provider of flash-driven storage arrays for virtualised server and virtual desktop environments, today announced it has been chosen by the world’s largest producer of crude oil to provide a new storage solution.
Saudi Petroleum Overseas Limited (SPOL), the London office of the national oil company, has implemented Tegile’s HA2100 arrays to consolidate its storage solution, and …

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