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: paul e thomas who wrote ()	1/25/2000 8:20:00 PM
From: Byron Angel	of 188

There's an article in today's IBD that I think is of interest to shareholders in this company. Date :01/25/2000 Copyright :Investor's Business Daily Large-cap stocks dominated Wall Street for much of the past five years. But last year, small-cap stocks sprang back to life as the Russell 2000 rose 32% from its March 23 low to Dec. 31. Joe Frohna, who manages $143 million Firstar MicroCap Fund with Earl DeLaet, expects the small-cap rally to continue. "I think we're now on the cusp of a multiyear outper-formance cycle in the small-cap sector," Frohna, 35, said. "A year ago, you couldn't give these stocks away. Now a lot of people are looking at the space thinking there's some pretty good value there on a relative basis compared with the large-cap stocks." Frohna and DeLaet, 37, look for companies with a market capitalization of $250 million or less. Of these companies, they seek a minimum sales and earnings growth rate of 20%. Frohna and DeLaet also want to see at least 10% management ownership in a micro-cap company before they'll consider buying the stock. Frohna has found from looking at his past mistakes that a 1% to 2% stake by a company's management team isn't big enough to heavily influence the decisions it makes. "It seems where these guys really have a lot on the line, they tend to make better decisions," he said. "It's amazing what money will do."

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