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Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF
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To: Wizard who wrote (70)2/17/1999 8:11:00 PM
From: Wizard  Read Replies (1) of 188
 
IMRS is saying that their mix of y2k revenues will be 9% in Q499. The stock should start to work in the second half of the year. y2k work will be far less than 5% of revenues in 2000. Investors should be willing to discount 2000 earnings during the second half of 1998.
The current market correction is healthy, IMO. Stocks look expensive on 1999 earnings and 2000 is too far away to entirely discount. We need some time.
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