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Technology Stocks : Intermagnetics (IMG)
IMG 0.191-0.7%2:18 PM EST
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To: Gerald Thomas who wrote (3139)7/26/1999 10:30:00 PM
From: Mark Shaw  Read Replies (1) of 3448
 
I know. I was absolutely astounded when they walked away from this product. Do they really mean that its value is completely dissolved because Trex Medical refused to distribute it ? Maybe Trex walked away from it because it wasn't what IMG said it was or didn't perform as anticipated. We'll never know because this management never owns up to its mistakes. Companies like Intel, Lucent and Microsoft can't get away with stuff like this because there are too many probing analysts with a lot of clout asking the questions. Nobody of consequence even monitors this company so no answers are ever required. Take the time and listen to the conference call. These conference calls are like the old press conferences the boys in the Kremlin used to give. These jokers will give the same old pathetic excuses; pick one: bad product mix, ineffective distributors, cool weather in Australia and elsewhere(my personal favorite), lots of competition (like nobody else ever faces fierce competition), manufacturing yield glitches which have since been worked out (another personal favorite). And before I close, let's not forget the millions and millions of dollars invested in Mickey Mouse companies, which will never make a profit, like Ultralife Batteries (Rosner's buddies started this one), Surrey Medical, Powercold, Kryotech and on and on and on........
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