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Technology Stocks : IMRS racking up y2k contracts.
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To: Nanda who wrote (2196)2/11/1998 6:48:00 PM
From: paul e thomas  Read Replies (3) of 3162
 
I had expected 5.0 MM$ earnings on 10% higher sales. I expect price will not change much at the open but will rise 2-3$ over next few days after analysts digest and report back on Conference call. The key issue isn't Y2K related but rather what fraction of new clients created by y2k are signing up for additional application maintenance and migration services.BY the end of 1998 more than 60% of total revenue will be from Y2k work. The analysts will focus on whether IMRS will to be able to transition a significant part of their business by early to mid 1999. They will be competing with many firms with similar objectives including Computer Science.IF you listen to the conference call pay particular attention to questions in the non y2k arena.
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