back to article Imation flogs off IronKey to Kingston

Imation has unravelled one of ex-CEO Mark Lucas's recovery strategy acquisitions and sold the IronKey business to Kingston. It's also received a non-compliance listing notice from the New York Stock Exchange; its valuation not being high enough. Lucas bought IronKey and its secure flash drive hardware as part of a …

  1. Crazy Operations Guy

    "Now, with activist investors in control"

    Well, there goes the company...

    My experience with 'activist investors' is that they are just re-branded 80's Wall Street assholes. They buy up the stock of a struggling company, go in and start scrapping anything without immediate value, then sell all their stock once the company reaches a specific price. They leave behind countless companies that are now on the verge of collapse, but what do they care? They have their sacks of money and another company in their sites, just waiting to ruin that one as well.

  2. LateAgain

    If there's a moral here it's - don't trust your security to a company that can be bought.

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