To all: I called investor relations today. If anything I will get the full investor relations package in the mail shortly. Also, I was told that Carrington sold his shares simply to cash in on some profit that had not been present in the past few years while he headed IMP. News is also that IOMEGA will be shopping (if not already) for a second Zip-chip supplier so as to not have too many eggs in one basket. IOMEGA demand for the Zip-chip i was told is high. High volume is the word! Nothing said though about IMP not being able to meet demand -- I repeat "nothing".
Also, here is the IMP News Release from today:
BusinessWire Press Release:
SAN JOSE, Calif.--(BUSINESS WIRE)--June 6, 1996--IMP, Inc.
today announced long term alliances with Orion Design Technologies,
Inc. of Portsmouth, N.H., and Plato Labs, Inc., of San Jose in an
effort to expand IMP's analog design capabilities for mass storage
and Electrically Programmable Analog Circuit (EPAC) devices.
According to Jerry DaBell, vice president of product development
and applications at IMP, "By taking advantage of the many years of
experience of both Orion and Plato, we can immediately multiply our
effective design resources. With the current shortage of experienced
circuit design engineering personnel, it would have taken us several
months, perhaps years, to gain as much talent by hiring internally.
We look forward to working closely with these two leading design
houses to continue to develop innovative analog/mixed-signal
products."
Orion, with 60 years of collective experience, performs contract
design work in disk drive products, automotive electronics, and high
speed logic. "IMP's internal design staff has excellent analog and
mixed-signal design skills. We look forward to augmenting their
activities in the interesting and challenging area of developing new
products for their mass-storage business unit." said Dr. Paul
Latham, president of Orion.
Plato Labs, with more than 50 years of collective experience, has
a broad background in analog and mixed-signal design projects,
including complex data acquisition devices, wireless communications,
audio and instrumentation applications. "Plato is excited about its
collaboration with IMP. We are convinced that our strong
analog/mixed-signal expertise will boost IMP's efforts in launching
new application-specific integrated circuits, particularly the
development of the EPAC programmable analog circuit family," said
Dr. Joseph Babanezhad, president of Plato Labs.
IMP, Inc. (NASDAQ:IMPX) is a leading supplier of high-
integration and programmable, analog and mixed-signal integrated
circuits for computer, communications and control applications. IMP
is a technology leader in the field of complex analog signal
processing circuits. It is also the inventor of the Electrically
Programmable Analog Circuit (EPAC), the analog counterpart to the
digital field programmable gate array (FPGA).
Except for historical information contained herein, the matters
discussed in this news release are forward looking statements that
involve risks and uncertainties, including demand by end-users of
products produced by the Company's customers and the other risks
detailed in the Company's SEC reports, including the Current Report
on Form 8-K dated April 26, 1996, Quarterly Report on Form 10-Q for
quarter ended Dec. 31, 1995 and Quarterly Report on Form 10-Q for
quarter ended Sept. 24, 1995.
CONTACT: IMP, Inc.
Dave Gillooly, 408/434-1467
KEYWORD: CALIFORNIA NEW HAMPSHIRE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED PRODUCT
I believe IMP will ride up back again. For those of us who bought before the last ride up and didn't sell only to watch it come back down and for those who bought during the past highs, patience is the name of the game. This is a great buying opportunity if anything. Apparently there are two anlysists monitoring IMP -- sorry left their names on my office desk and their info will be in the investor package -- I'll report more news when I get it.
Takes a licking (or beating) and keeps on ticking.
Today, my friends, was correction day!
It was dark today but I'm begining to see the light at the end of the tunnel. And hey, does anyone else see the possibility of more Zip-chip products coming out of today's announcement? Could we see a IMP Zip-chip for the 1 or 5 MB JAZ disks?
Regards,
Erik.
|
