Intermagnetics (IMG) Message Board

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Technology Stocks : Intermagnetics (IMG)

IMG 0.192

-2.5%

3:59 PM EST

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To: Mark Shaw who wrote (3254)	1/30/2000 3:49:00 PM
From: Tom Linzmeier	Read Replies (1) of 3448

News on AMSC should help gain attention for the entire industry. It appears as if IMG is the only Superconducting company "not" raising money in this market. The $80 million AMSC is raising is about 70% of the entire market cap of IMG. IMG certainly appears cheap by comparison. On top of that, IMG will probably beat AMSC on the first commercial installation of HTS cable. (Partnership with Southwire) Wouldn't it be sweet if IMG traded at AMSC's Market Cap! Needless to say, I'm long IMG as well as a number of other Superconducting companies. T ___________________________________________________________ WASHINGTON, Jan 24 (Reuters) - American Superconductor Corp. , developer and maker of products using superconducting materials for electric power applications, filed on Monday to sell up to $80 million in common stock. The company said it plans to use the proceeds from the offering to expand its manufacturing operations and other general corporate purposes, according to a filing with the Securities and Exchange Commission. The underwriters for the offering include Banc of America Securities LLC, CIBC World Markets and Robertson Stephens. Shares in the Westborough, Mass.-based company fell 2-13/16 to 31-15/16 on Nasdaq. ((--Jeremy Pelofsky, Reuters SEC Desk, 202-898-8399)) REUTERS Rtr 19:25 01-24-00

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