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Technology / AI and automation

IMATION WARNS Q3 WILL NOT FULFILL STREET’S EXPECTATIONS

Imation Corp says that the combination of a strong US dollar, product transitions in the low-end tape backup segment, and continued competitive pressure will result in third quarter profits being below analysts expectations, and likely to fall in a range similar to its second quarter. The company will announce its results on October 30.

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CBR Staff Writer

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