Intermagnetics (IMG) Message Board

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Technology Stocks : Intermagnetics (IMG)

IMG 0.182

-5.0%

Nov 7 9:30 AM EST

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To: Steve in Vegas who wrote (2963)	12/26/1998 1:20:00 AM
From: Mark Shaw	Read Replies (1) of 3448

Thanks for the info, Steve. I did call in and listen to the conference call and I must say I was profoundly unimpressed. Nothing but the same old lame excuses. They are talking about how difficult it has been in getting the marketing distribution channels in place for FRIGC. Give me a break ! This product has been around since 1992 ! How much time do they need ? They continue to brag on themselves for having made inroads into the Australian market. The next thing you know we'll be hearing about how deeply they are penetrating the market in Yemen and Sri Lanka. Australia is not known as an industrial powerhouse and it insults our intelligence when Rosner talks about it as if it were. All of that time and money spent on the affordable MRI and all of that is down the drain. Now the excuses are starting to show up as to why the Kryotech venture will go down in flames: The DEC merger with Compaq. All of the distribution channels have been changed, marketing is delayed, etc,etc,etc,etc. These turkeys couldn't hit water if they jumped out of a boat. They are right about one thing: the electric utility industry is going to go through a revolution in the next few years. However, given the dismal marketing track record of this company, they certainly are not going to have the ability to take advantage of this revolution. One final note; only three analysts had questions at the conference call. There is no interest in this company within the investment community and after listening to that conference call, the reason for this lack of interest is painfully clear. The stock is down about 75% over the last three years. That's a number Carl and the boys don't seem to want to discuss. I don't blame them.

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