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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (17385)	10/25/1999 9:52:00 PM
From: Dave Heibeck	Read Replies (1) \| Respond to of 52051

SW Here is a tid bit for the board... Remember IOM? How about "Son of Iomega" IMPX? IMPX after hitting highs in the 15-16 area because of its relationship with the ALMIGHTY Iomega, has hit on hard times. Trading in the low 2's, tonights news release might make this a play once again... Monday October 25, 09:37 PM Eastern time Company Press Release IMP Announces Equity Investment Agreement and Production Order SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 25, 1999--IMP, Inc. (Nasdaq:IMPX) and Teamasia Semiconductors (India) Ltd. jointly announced today that they have executed an agreement for the first phase of their alliance. Under the agreement, Teamasia has agreed to purchase common stock from IMP, which will represent 16.7 percent of IMP's outstanding shares after issuance. Teamasia's purchase of shares is occurring in stages during the quarter ending December 31, 1999. Under the agreement announced today, Teamasia has also placed orders with IMP to immediately begin manufacture of wafers for Teamasia's discrete products. Subbarao Pinamaneni, managing director of Teamasia said, "In forming a strategic alliance with IMP for design, sales and marketing, and acquiring an equity stake in IMP, Teamasia firmly believes that its current portfolio of discrete products can be expanded allowing it to emerge as a leading supplier of analog products in India and Asia Pacific." According to Zvi Grinfas, IMP's CEO, "The combination of equity investment and wafer production orders provided by Teamasia will be the cornerstone of IMP's recovery. I am looking forward to increased cooperation between the two companies." IMP and Teamasia are continuing discussions regarding a further equity investment by Teamasia in IMP, in addition to that contemplated by the agreement announced today. IMP, Inc. provides analog semiconductor solutions that power the portable, wireless, and Internet driven computer and communications revolution. From its ISO 9001 qualified wafer fabrication plant in San Jose, California, IMP supplies standard-setting, power-management integrated circuit products and wafer foundry services to computer, communications and control manufacturers world-wide. Teamasia is a global manufacturer of small-signal discrete and power semiconductors, based in India with an emerging presence in the Asia-Pacific region and China. Its headquarters are located at IDA Patancheru, Medak District, 502 319, Andhra Pradesh, India. Telephone 91 8455 43809, 91 8455 42032, 91 8455 42033, 91 8455 42163. Fax 91 8455 42070. Email: team_cv@satyam.net.in. Statements in this press release regarding IMP's business that are not historical facts may be "forward-looking statements" that involve risks and uncertainties, that are detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. For further information on the Company, please call IMP's interactive Shareholder Information Service on 888/323-2019 or visit our web site at impweb.com. Company headquarters are located at 2830 North First Street, San Jose, California 95143-2071. Telephone 408/432-9100. Fax 408/434-0335. Disclosure: I hold NO position, but thought some of you might enjoy taking another look at this once high flier! Dave