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Non-Tech : IMPCO Technologies (IMCO), formerly AirSensors (ARSN)
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To: Jim Oravetz who wrote (130)4/1/1999 7:30:00 AM
From: Jim Oravetz  Read Replies (2) of 298
 
Look at this, the stock traded 5K shares on Tuesday then 150K yesterday(3/31). Down >12% in price too! Ouch! No news that seems to be driving it down as far as I can tell.

I did find this recent related article on GM production. North American numbers are expected to "meet the net income goals". I would hope that this means truck sales (with Impco parts) will stay at projected levels and we make some $$.

By GREGORY L. WHITE
Staff Reporter of THE WALL STREET JOURNAL
NEW YORK -- General Motors Corp.'s president appeared to back away from an ambitious plan to revolutionize the way the company makes small cars, a day after the United Auto Workers vowed to fight the new approach, which it views as a threat to union jobs.
UAW Chief Blasts GM Plan to Shift to Modular Assembly (March 29, 1999)
GM President G. Richard Wagoner Jr., also told securities analysts GM might not be able to meet all the aggressive financial targets it has set for this year, although critical North American operations are performing well.
According to people at the meeting, Mr. Wagoner said GM expects to meet its goal of $4 billion in net income in North America this year. He said weakness in Germany, however, is likely to mean European operations will fall short of their $900 million net-income target. Asia and Latin American operations, meanwhile, still could meet their goal of limiting losses to about $300 million, though that would require at least some recovery in the regions in the second half. In January, GM described all the goals as "stretch targets," rather than baseline forecasts.

Jim
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