Barton,
What is this DVD drive. Who makes it, Does IMP make any parts? I see Iomega has been on a good roll, too bad I dont own it. It looks like the company has rearranged the deck chairs.
SAN JOSE, Calif.--(BUSINESS WIRE)--June 24, 1997--IMP Inc. (NASDAQ:IMPX) today announced that Phil Ferguson has been appointed President, CEO and a member of the Board of Directors of IMP Inc.
Former IMP Inc. President and CEO David A. Laws has been promoted to Chairman of the Board, and will continue to have an active management role with the Company. Ferguson, 66, held senior management positions at Texas Instruments and Fairchild Semiconductor, and was founder, President and CEO of General Microelectronics Inc., the first commercial supplier of MOS devices.
Recently he has been principal of Ferguson Associates, providing domestic and international high-technology consulting services. Recent assignments have included CEO or COO responsibilities with QuickLogic Corp. and Paradigm Technologies Inc. He has been consulting with IMP Inc. since December 1996.
"We are pleased to appoint a CEO with the extensive experience and industry knowledge of Phil Ferguson. His hiring should strengthen our management team and we look forward to his contributions in the future," commented Laws.
IMP Inc. is a supplier of analog and high-voltage wafer foundry services and standard analog integrated circuits for computer, communications and control applications. Products are manufactured on CMOS, BiCMOS, and EEPROM processes in the company's ISO 9001 qualified wafer fabrication plant in San Jose. -0-
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including demand for the company's products, foundry utilization and demand for by end-users of the products produced by the company's customers, and other risks detailed from time to time in the company's SEC reports, including the Annual Report on Form 10-K for the fiscal year ended March 30, 1997.
CONTACT:
IMP, Inc.
David Laws, 408/434-1283
or
Morgen-Walke Associates
Chris Danne/Alex Williamson/Charles Messman,
415/296-7383
David Sasso/Josh Passman, 212/850-5600 212/850-5698
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MANAGEMENT CHANGES
BW0010 JUN 24,1997
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