In the recent (Q3 2010) conference call, the CEO revealed a time line for this, news as well. He said:
I’m excited about all these opportunities and I’m confident they will produce results. However, I also realize you are looking for a more tangible reflection of what that means, especially in terms of the impact on shareholder value. We will have more to say about our direction soon and we will have specifics to share with you within the next 90 days.
Furthermore, while answering an analyst's question, the CFO had following to add:
...I think fundamentally from a cash deployment standpoint, we continue to view all the uses of cash organic, inorganic, return of cash to shareholders, from a buyback and dividends, all as viable uses of cash.
To recap, IMN, with a market cap of $376M, has about $257M of cash with no debt outstanding. The book value is $914M.
Disclosure: I own Imation (IMN) at the time of this writing.
