IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: Nanda who wrote (2289)	2/27/1998 1:06:00 PM
From: paul e thomas	Read Replies (1) of 3162

Nanda, I can understand why IMRS and KEA are Sweethearts of mutual funds. We are in a period of uncertain decline in earnings growth due to the Asian Flu and the Potential for Fed tightening if the economy doesn't slow down.IMRS has a rather compelling story about their longer term prospects. Many people posting here were disappointed with the deemphasis that Satish gave to Y2K contracts. I can understand the SI investors mind set as most people here have been using a trading strategy and Y2K publicity does hype Y2K stock prices. this was seen yesterday where on the strength of a news release about a Canadian contract CHRZ had the best day in a long time. The Mutual funds want visibilty too of high flying stocks in their portfolio. I remember an interview a few months ago when the CEO of Lord Abbett Developing Growth Fund really touted the sigificance to them of their Y2k portfolio. I am hopeful the new Fidelity Sector Fund "SELECT BUSINESS SERVICES and Outsourcing Portfolio " will have large positions soon in stocks like CBS,IMRS etc.

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