Barton,
It basically means that less people are betting that this stock will go down.
This may or may not be good.
Latest news on the company hierarchy. Let's hope that they are not just changing deckhands on the Titanic.
SAN JOSE, Calif.--(BUSINESS WIRE)--July 8, 1997--IMP, Inc. (NASDAQ:IMPX) today announced that Barry W. Wiley has been appointed Vice President, Sales and Marketing.
He will report to IMP President and CEO, Phil Ferguson and will be responsible for developing and implementing marketing and sales programs for the company's standard analog integrated circuits (ICs) and wafer fabrication services worldwide. Wiley replaces Russ Almand who has resigned to pursue other interests.
Barry Wiley, 60, was formerly Vice President, Marketing and Sales for Cherry Semiconductor Corporation. Wiley joined Cherry in 1985 and was a member of the management team responsible for growing the company's semiconductor sales to $100M in 1996. During his tenure Cherry became an important supplier of ICs to the automotive industry worldwide. Prior to Cherry, Wiley held operating management and marketing positions with Unitrode Corporation and semiconductor units of the TRW Electronics Group.
"We are pleased to appoint a sales and marketing executive with the extensive experience and industry knowledge of Barry Wiley," commented IMP President and CEO Phil Ferguson. "His hiring will strengthen our management team, and we look forward to his contributions as we work together to rebuild IMP's product and customer base."
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 ISO 9001 qualified company 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., San Jose
David Gillooly, 408/434-1467
or
Morgen-Walke Associates
Chris Danne/Alex Williamson/Charles Messman, 415/296-7383
David Sasso, 212/850-5600
Josh Passman, 212/850-5698
KEYWORD: CALIFORNIA
BW1011 JUL 08,1997
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