IMP, Inc. (IMPX @ 7 1/8)A sympathy play with IOM?? Message Board

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Non-Tech : IMP, Inc. (IMPX @ 7 1/8)A sympathy play with IOM??

IMPX 6.210

+13.3%

Oct 22 3:59 PM EST

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To: Sheldon C. who wrote (2497)	9/5/1997 12:22:00 PM
From: James Bowser	of 2560

Sheldon - The market for these products is huge, but I won't paint it with too rosy a brush because it is also highly competitve. Whether IMP's newest products are cutting edge or not, I don't know. Time will tell as they will either get design wins or not. The going is likely to be slow and steady though since IMP has outwardly stated they will be focusing on second and third tier customers going forward which means smaller orders, more fab line reconfigurations, lower margins. Although this will not satisfy many here because people will say management sucks and isn't doing enough to turn the company around (i.e. instant gratification), it will help them avoid another situation like Iomega (who basically pulled the rug out from under IMP). The stock price reflects all this IMO and in addition it reflects a very high hatred factor for this company. Very patient buyers are accumulating the stock here and the reward a year out could be a $5-6 stock price. That's a triple from here. Good enough for me. The risk is that IMP's strategy fails and they can't book profitable business. In which case I think the downside is limited to somewhere just above $1...for now I feel the trend is positive. A post on AOL detailed the full text of David Laws presentation at the annual meeting on August 20th. It sounds like we should give the new management a couple quarters to prove themselves. Laws was straightforward explaining the strategy going forward and the fact that they still have a lot of work to do. I'll clip it and bring it over here at some point. Good Luck.

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