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Technology Stocks : IMPX - When Will the Dead Money Awaken?
IMPX 6.210+13.3%Oct 22 3:59 PM EST

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To: Investor Relations who wrote (439)11/11/1998 6:46:00 PM
From: marcher  Read Replies (1) of 532
 
Anyone care to comment on the following:

"An agreement signed by the Company for debt financing of up to $10
million in September is not expected to be funded by the lender. As of
the date of preparation of this news release, the Company had cash and
cash equivalents of approximately $1.7 million as a result of faster
than anticipated collection of accounts receivable and higher volumes of shipment earlier in the quarter. Even though, as noted earlier in this release, orders received to date for shipment in the third quarter are ahead of those shipped in the second quarter..."

--marc
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