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Technology Stocks : IMRS racking up y2k contracts.
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To: P. Ramamoorthy who wrote (2443)4/29/1998 1:05:00 AM
From: John Carson  Read Replies (1) of 3162
 
Ram,

I agree with you to a certain extent that market psychology is changing with respect to Y2K, however, if anything, it probably started changing back in February on hearing the IMRS conference call. The Y2K momentum crowd probably started getting out then, not now. The IMRS conference call last Friday about Y2K strategy was old news. The MMs are feeding on fear right now. Why does SYNT appear to be immune to this Y2K correction? Do they have a better post Y2K strategy than IMRS? Also, SYNT has 17% sequential growth and IMRS has 15% yet the street is giving SYNT a much higher PE? At some point their PEs will converge again, whether it is SYNT going back to IMRS or IMRS catching back up to SYNT. I hope it is the latter. All that may happen tomorrow or next year, who knows?

John Carson
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