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

To: lml who wrote (104)	12/10/1997 12:38:00 PM
From: Zeev Hed	Respond to of 532

lml, actually, I am slowly turning positive on IMPX, I see a potential multibagger like I had in GATE. My reasoning is very simple, while their formal book value is just under $.5/share, they have cash to operate for few additional quarters without major crunches, and their true book value is probably more like $4/share. I think that the replacement cost of their fully depreciated foundry is well in excess of $100,000,000 and that does not show as value on their books. The problem is that technically IPMX is still weak, and as I have stated a number of times on other threads, the semi segment is going to go through very rough times over the next six months or so, and until enthusism for the sector comes back, I do not see any major move. But, if I see a capitulation move in this stock, or major signs of accumulation, I would be jumping. Zeev

To: lml who wrote (104)	12/10/1997 5:37:00 PM
From: mike mccann	Read Replies (1) \| Respond to of 532

>>My intention in starting this new thread was to view IMP with a LOOK FORWARD, and to discourage crying over spilled milk now bone dry. Mike's comments, while bearish, have been also been what I view as antagonistic in nature. My responses have been to promote a more substantive discussion here & to QUESTION THE MOTIVATION behind what I consider comments without substance. Nothing more.<< And since you started this thread less than 2 months ago, lml, the stock has lost 40% of it's value. The key word in your comment above is "promote." Need I say more? Mike