Date: 28th September 2000

Big Screen Imax Takes A Wall Street Hit

Shares in Canadian-based Imax Corporation plunged to a 52-week low Wednesday as analysts worried that financially strapped exhibitors will not be able to continue installing Imax theaters in their multiplexes.

William Scovin, an analyst at Auerbach, Pollak & Richardson, told today's (Thursday) New York Post, "The stock has been punished in the market because of the perception that the theater business in general is bad."

Source: Studio Briefing