IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF Message Board

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Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF

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To: JDN who wrote (152)	9/30/1999 8:31:00 PM
From: Byron Angel	of 188

JDN, Y2K is the primary factor in the decline of this stock. Corporate IT departments have been holding off on new work while they deal with Y2K. An additional factor has been a shift the company has been making in its business model to focus more on the industries that have the highest IT spending, such as insurance, banking/financial services, utilities, and healthcare. This has probably caused them some temporary problems but should start to pay off soon. They've landed a couple of large contracts in the past month which I find encouraging. Although the company has been having some temporary problems I see these ending before too much longer, so I would now recommend taking a close look at the stock. It was as high as $32 at the beginning of the year and now appears to be bottoming at $8. Although I'm not expecting the stock to make a rapid turnaround in the very short term, I think $20 is a realistic target for next year. Byron

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