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Recent Business Newswire Stories from PRnetwire™ and eNewsChannels™

Edited by Christopher Simmons, senior news editor


Integrated Performance Moves On Wireless Consolidation

DALLAS, TX - Dec. 17, 2003 /Send2Press Newswire/ -- AXcess News (www.theaxcess.net) announced today that they have released a story showing that the wireless component manufacturer, Integrated Performance Systems (OTCBB: IPFS), isn't the only one who sees growth in the wireless industry following the company's acquisition announcement Tuesday. S&P's telecommunications equity analyst Todd Rosenbluth agrees.

The announcement came on the heels of an earlier press release Nov 20th in which IPFS disclosed that it had secured a $6.2 million financing commitment for acquisition funding from Dallas-based SMI Chips Inc.

D. Ron Allen, Integrated Performance's president had stated that his company's objectives were to build a $40 million dollar a year wireless component manufacturing business through an acquisition and merger approach.

Allen isn't the only one who sees wireless markets growing. In a story published Dec. 14 (see, http://www.theaxcess.net/analysts_1214.html) AXcess News covered Standard & Poor's telecommunications equity analyst Todd Rosenbluth, who expects access line losses to widen as a greater percentage of consumers "cut the cord" and the carriers see more minutes of use flow to wireless networks.

At the core of Integrated Performance's component manufacturing business lies wireless circuit boards used by those very carriers S&P believes will see that growth and with greater numbers of consumers in the USA switching to wireless services, IPFS' previous acquisition, SMS technology provider VoIUM Ltd. of Singapore could see even greater value in that market.

While Integrated Performance's revenue picture is slowly improving, investors need to look at this business as a niche player, which would put Allen's $40 million dollar target at the top of its league in specialty high-end circuit board manufacturing. As it stands, its largest competitor is estimated to produce only $10 million in sales with no substantiation of those numbers.

To read the rest of this story, go to http://www.theaxcess.net

axcess logo (c) About AXcess News
Dubbed the "Yahoo of small cap business news" by Gordon Borrell, one of America's leading media and research guru's, AXcess News is fast becoming a known commodity for both the serious investor and people in general looking for informed articles and insightful columns that appeal to a broad spectrum of readers without having to pay to access it.


Organization Website: www.theaxcess.net
Source of News: AXcess News

Find More Stock Info, Charts, News on OTC BB: IPFS
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