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COPYRIGHT 2001 Business Wire
Business Editors/High-Tech Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--July 31, 2001
IMP, Inc. (Nasdaq:IMPXE) today announced financial results for the fiscal year ended March 31, 2001. IMP Acting President and CEO Mr. Sugriva Reddy said that sales had fallen 10% from the prior year as a result of less than expected standard product sales. The worldwide slowdown in semiconductor sales has had a significant negative effect on both standard products and the foundry business during FY 2001 and that trend is expected to continue in FY 2002. Additionally, margins for the year were negatively affected by poor manufacturing yields...
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