Memorex 2007 Annual Report Download - page 24

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IMATION_2007
DEAR FELLOW IMATION SHAREHOLDER:
WE LOOK BACK AT 2007 AS A YEAR OF CHANGE, FOCUS AND
CHALLENGE. THIS PAST YEAR, WE SAW SIGNIFICANT CHANGE
IN OUR STRATEGIC DIRECTION, AND WE ENTER 2008 MORE
CLEARLY FOCUSED ON OUR STRATEGIC DIRECTION THAN
AT ANY PREVIOUS TIME IN OUR HISTORY. LAST YEAR WAS
ALSO A CHALLENGING YEAR, IN TERMS OF OUR FINANCIAL
PERFORMANCE AND SHAREHOLDER RETURNS.
01
When Imation acquired the Memorex brand in 2006,
we began a journey transforming Imation into a global
brand and product management company. Last May,
we articulated a clear, straightforward and actionable
strategy, describing how the Company will change
over the next few years.
In Q3, we closed on two additional acquisitions
of the TDK Recording Media business and the
Memcorp business, which are significant milestones
in our transformation.