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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul e thomas who wrote (9512)	2/18/1998 1:12:00 PM
From: paul e thomas	Read Replies (2) \| Respond to of 13949

ANALYST REVISIONS I just finished reviewing the analyst revisions for 7 key Y2K service providers following the reecent December earnings releases and conference calls.IMRS continues to be the only stock with a 1.0 rating out of 7 reported in First Call.Imrs has a forecasted 5 year earnings growth rate of 42% per year and a 1999 EPS forecast of 1.21$( up from .95$ a week ago). IF the forecast is understated by 19%( the same as the recent quarter) I project a 12 month price target of 60$. Based on a price of 42$ and the 98 EPS of .86( plus 19%) the PE is 41 which is low given a 97-98 growth rate of 65% by the analysts for 98 over 97.Based on the higher current quarterly earnings growth rate it is possible that IMRS prices could reach 63$ this year.If it does and 1999 earnings forecasts aren't moved up significantly IMRS prices could drop if it hits 63$