IMPX - When Will the Dead Money Awaken? Message Board

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Technology Stocks : IMPX - When Will the Dead Money Awaken?

IMPX 4.960

-5.7%

Nov 6 9:30 AM EST

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To: slob who wrote (44)	11/7/1997 8:21:00 PM
From: mike mccann	of 532

People are forgetting the history of this company. Basically, quiet and reserved, until the Iomega connection developed a couple of years ago. Management began by promoting the Iomega connection, and would have been OK to that extent, but they proceded to make earnings projections for upcoming quarters. The stock ran to the low 20's (everyone was involved in the hype, including Dan Dorfman) and management began to sell at those elevated levels (can you blame them?). I agree, at this price, it would be a great company to own. But, the chances of it trading at 1/2 are probably much greater than the chances of it trading at 2. But it is range-bound. It will go back down to 1-1/16 for a new test of the lows. I will consider buying at that level, but I will not touch it at today's pricing. These are damaged goods which must trade at a considerable discount. And forget about fundamentals. The only fundamental which will affect the price of this stock would be a positive earnings report. Good luck to anyone who's long this stock. You certainly need it. Mike

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