IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: P. Ramamoorthy who wrote (2438)	4/28/1998 9:44:00 PM
From: John Carson	Read Replies (2) of 3162

Ram, What do you mean when you say "Correction was expected after the conference call due to y2k biz disappointment"? This was not new news by any means. Satish said the exact same thing back in the February 12 conference call. I hope Nanda does not mind but I would like to post a direct quote from her on that day "Paul, I am listening to the conference. I am a bit disappointed as they want to be out of y2k business. I sold all my options and stock at 46. At this time I do not own any thing. I may renter once it stabilizes." So history is repeating itself and this time one of the mutual funds heard about it, apparently for the first time, and unloaded. The MMs dropped the price and gobbled up our shares (not mine though) and have been accumulating our shares at bargain basement prices ever since. As soon as the volume dries up, the MMs will ramp the price back up to 40 and give our shares back to us. Right now everyone is on the sidelines second guessing IMRS after its biggest two day drop ever. The MMs are having a field day though and we are left wondering when to buy back in again. Since there were no fundamental changes in the company and no real news to speak of except great earnings and strategy, the price should not stay down too much longer. The recent interest rate scare may delay the comeback a bit, but IMHO it should start moving again within a couple of days. I would like to close with a quote from Paul Thomas made after the February 12 conference call (hope he does not mind) "Unlike most of the previous posters I was delighted with the conference call. I continue to believe that Satish is a truly extraordinary Visionary who is interested in maximizing LONG TERM shareholder value. The repositioning the company now is a stroke of genius as his getting ahead of the curve with respect to the opinions of the Analysts and the big institutional holders." People may not see what Satish is doing at first glance but IMHO he is right on target. The company will keep up the growth rate well into the 2000s with his current strategy. John Carson

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