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Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: John Wright who wrote (502)	11/20/1998 4:56:00 PM
From: mariner	Read Replies (2) \| Respond to of 658

John It took me a couple of readings of your msg to get the point. Have to agree. Given that they seem to build new orders at a loss, more sales will not fix the cash flow problem. Also, I thought the company had taken aggressive cost action to get things on an even keel. It certainly didn't show up in the most recent quarter. Expenses seem as out of control as ever. I don't mean to trash anyone working at IPV. I'm sure they're trying hard. But, with the continued economic slowdown in Asia hurting the best product line and Tisma seemingly a bottomless pit (how did they ever pay so much for this outfit?) I don't think they have the wherewithall to hold on much longer. Someone will snap up the assets and IPV will be gone. All IMHO