IMP Announces Receipt of Notice from Nasdaq Concerning Net Tangible Assets/Stockholders' Equity/Market Capitalization/Net Income Requirement.Business Editors/High Tech Writers 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)--Aug. 21, 2001 IMP, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IMPX) today announced that it has received a letter from Nasdaq notifying it that, because the Staff believes that the Company does not currently comply with the net tangible assets/stockholders' equity/market capitalization/net income requirement as set forth in Nasdaq Marketplace Rule 4310(c)(2)(B), the Company's securities are subject to delisting from the Nasdaq Small Cap Market. The Company participated in an oral hearing before the Nasdaq Listing Qualifications Panel on Thursday, July 26, 2001. The outcome of the hearing is still pending, and the Panel will consider the net tangible assets/stockholders' equity/market capitalization/net income deficiency requirement in rendering its decision. There can be no assurance that the panel will grant the Company's request for continued listing. 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, 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. , IMP supplies standard-setting, power-management integrated circuit products and wafer foundry services to computer, communications and control manufacturers worldwide. Statements in this press release regarding IMP's business that are not historical facts may be "forward-looking statements" that involve risks and uncertainties, which are 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. . For further information on the Company, email ir@impinc.com or visit our web site at www.impweb.com. Company headquarters are located at 2830 North First Street, San Jose, California 95143-2071. Telephone (408) 432-9100. Fax (408) 434-0335. |
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