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Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (157)	10/15/1999 1:37:00 PM
From: Peter H. Hodge	Read Replies (1) \| Respond to of 188

JDN: I will jump in here if you don't mind. I've been told that Satan's selling earlier this year was a result of a corporate stock option he had to exercise. Furthermore, it is prudent for anyone to diversify their holdings. It is my understanding that he still owns 28% of the company. I have also been told that the company has no debt to speak of, so I am surprised to hear that your "broker" said that local newspapers were reporting the contrary. It would be wise to perhaps get copies of those stories so that you (and us) would be the wiser. I know that Byron is very knowledgable about IMRS, and he will probably give you more insight when he logs in to SI. Pete

To: JDN who wrote (157)	10/15/1999 1:54:00 PM
From: Byron Angel	Read Replies (1) \| Respond to of 188

JDN, IMRS CEO Sanan last spring did dispose of some shares he had gotten via an option award but still owns about 28 percent of the company. I don't view these sales earlier in the year as anything unusual or alarming for a company of this type. The company's latest balance sheet shows on 6/30/99 roughly $2/share in cash/cash equivalents, and essentially no debt, so the information you're getting from your broker is not correct. If he's been hearing about a company overburdened with debt it can't be IMRS. IMRS has been going through some temporary problems, Y2K and a shift in the focus of their business, but given the current very low share price and with insiders now buying in a big way I would take a look at it. There's no particular rush since I don't think it's going to do anything in the very short term but I do like the stock heading into next year. You never know for sure where the bottom in a stock is but my guess is that IMRS won't go below $7. I think buying anywhere in the seven to eight dollar range will produce good results. Byron