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Technology Stocks : Intermagnetics (IMG) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Thomas who wrote (3001)	3/24/1999 5:07:00 PM
From: Mark Shaw	Respond to of 3448

Good to hear from you, Gerald. I have decreased my position significantly but I need to hang onto some of it just to satisfy my masochistic urges. :-) Your summation is right on the money as usual. The magnet business is a big non-event. They can muddle along with it but it will never be a blockbuster; too much competition. Their revenues go up but profits keep going down. Nothing outside of magnets and refrigeration equipment have amounted to anything. They are basically a small company in a commodity business. That's why their stock sells for $5 - $8 a share.