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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: paul e thomas who wrote (12443)7/23/1998 9:24:00 PM
From: paul e thomas  Read Replies (1) of 13949
 
IMRS GROWS AS PLANNED
IMRS earned .17$,.02 above analyst forecasts before a large one time charge for aquisition related expenses.IMRS income from operations excluding aquistion expense grew sequentially 23.8% compared to 21.2% for KEA and 9.5% for CHRZ.Despite spending 15.5mmS for aquisition expenses IMRS still has 92mm$ in cash and equivalents the same as at the end of 1997.The market reaction to these results will depend on whether the street will look past the 15.5mm$ charge for the aquisition expense as the bottom line results show a loss for the quarter.IMRS traded off share dilution with a lar

ge one time charge.This was a good on a long term basis in terms of shareholder value, the .50$ per share negative effect of the aquisition charges may exact a short term loss in shareholder value if shareholders don't study the results carefully enough.
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