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 (157)	10/15/1999 1:54:00 PM
From: Byron Angel	Read Replies (1) of 188

JDN, IMRS CEO Sanan last spring did dispose of some shares he had gotten via an option award but still owns about 28 percent of the company. I don't view these sales earlier in the year as anything unusual or alarming for a company of this type. The company's latest balance sheet shows on 6/30/99 roughly $2/share in cash/cash equivalents, and essentially no debt, so the information you're getting from your broker is not correct. If he's been hearing about a company overburdened with debt it can't be IMRS. IMRS has been going through some temporary problems, Y2K and a shift in the focus of their business, but given the current very low share price and with insiders now buying in a big way I would take a look at it. There's no particular rush since I don't think it's going to do anything in the very short term but I do like the stock heading into next year. You never know for sure where the bottom in a stock is but my guess is that IMRS won't go below $7. I think buying anywhere in the seven to eight dollar range will produce good results. Byron

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