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Technology Stocks : IMPX - When Will the Dead Money Awaken? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Terf who wrote (46)	11/9/1997 12:54:00 PM
From: mark alan rosenberg	Read Replies (1) \| Respond to of 532

What a depressing thread. It ain't that bad. Gentlemen, look at the Oct. 10-Q. The management has done one thing right. They have achieved a scale of flexibility, that appears to me that there should not be any talk about a $.75/ share buy-out, or bankruptcy. 1/ The inventory level has been worked down and turned into cash. 2/ The total capital lease loans, and long term liabilities has been tapered almost 30% to under $10 mil. 3/ There is $13.6 mil cash on hand plus over $4 mil receivables. 4/ Current liabilities are around $6 mil, outside of cap leases. 5/ G&A&S expenses are tapered off considerably. 6/ G.P. actually expanded in spite of flat sales. The co. looks like it can go on a long time before it resorts to Chapter 11, or "fire sale".