Chairman Leaves IMP.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 18, 1999-- Analog integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for manufacturer IMP, Inc. (Nasdaq:IMPX) today announced that effective today, David Laws Chairman of IMP has resigned as a member of the board of directors of the company. Laws joined IMP as its vice president of marketing in 1995. He was named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in 1996 and Chairman of the Board in 1997 when Phil Ferguson became CEO of the company. In his position as Chairman of the Board his role has been to support the strategic and financial restructuring of the company in order to diversify its business base into the market for standard analog products for power management applications. Laws intends to spend the next six months with his family and then examine other opportunities. Statements in this press release regarding IMP's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including, but not limited to demand for the company's products, foundry utilization, the ability of the company to develop, manufacture, and market new products, demand by end-users for the products produced by the company's customers, and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . IMP, Inc. provides analog semiconductor solutions that power the portable, wireless, and Internet driven computer and communications revolution. From its ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 qualified wafer fabrication plant in San Jose, IMP supplies standard-setting, power-management integrated circuit products and wafer foundry services to computer, communications and control manufacturers world-wide. For further information on the company, please call IMP's interactive Shareholder Information Service on 888/323-2019 or visit the company's web site at http://www.impweb.com. Company headquarters are located at 2830 North First Street, San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. 95143-2071. Telephone 408/432-9100. Fax 408/434-0335. |
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