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Non-Tech : IMPCO Technologies (IMCO), formerly AirSensors (ARSN) -- Ignore unavailable to you. Want to Upgrade?


To: Ben Wa who wrote (267)9/7/2001 1:26:51 PM
From: Jim Oravetz  Read Replies (2) | Respond to of 298
 
IMPCO Tech 1Q Loss 54c/Shr

Impco Technologies Inc. - Cerritos, Calif.
1st Quar July 31:

2001 2000
Revenue $25,850,255 $29,268,017
Net income (5,596,096) (607,954)
Avg shrs 10,358,920 8,920,914
Shr earns
Net income (.54) (.07)
Figures in parentheses are losses.

Impco Technologies Inc. (IMCO) said it plans to spin off its Quantum Technologies unit by calendar year-end. The company plans to spin off its Quantum unit by means of a pro rata distribution to Impco stockholders of Quantum's shares outstanding owned by Impco. After the spinoff, Impco will focus its business on the alternative fuel market, while Quantum will continue to focus on primarily the emerging fuel cell industry markets.

Quantum Technologies posted first quarter revenue of $4.6 million, compared with $4.3 million a year ago.