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Technology Stocks : Information Management Resources Inc (IMRS)
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To: leiz who wrote (2)1/13/1997 12:06:00 AM
From: Mike Winn   of 24
 
Leiz,

Y2K stands for Year 2000. In the past, programmers write software and
use 2 digits to represent the year to save memory space. For example,
80 is understood as 1980, 97 is understood as 1997 and so on ... The
problem comes in when year 2000 arrives because 00 can be 1900 or 2000.
So these Y2K co. come up with solutions to fix that problem. It is
estimated that this is a 600 Billion business. Of course when Year
2000 will come, this business will go away. But companies like IMRS
got into this Y2K business initially but then will build up the
connection for other businesses. IMR has engineers in India working
for them through satellite, so they can do the job in half of the
time at 1/2 of the cost. Revenue last year was 19M. Projected earnings
for this year will be 70M. They're talking about becoming a 1 Billion company
in a few years.

Stock closed on Friday at 24 1/8 but bid price was 24 3/8 and ask price
was 24 1/2 at the closing bell. So I think it will go up even higher
tomorrow (Monday). This co. has similar earnings to ZITL currently
but has much more potential to grow. ZITL ran up from 6 in 9/96 to 72
at the end of last year. Currently, ZITL trades in the 40ish. With
the same number of shares, IMRS should run up to 40ish pretty soon too.

Mike.
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