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

To: Josef Svejk who wrote (13056)	10/14/1998 12:01:00 PM
From: flatsville	Read Replies (1) \| Respond to of 13949

Has anyone noticed the action in cbsi lately? The SI board is dead. Only the Yahoo! board is commenting. It dipped down to 15 1/2 at one point this morning. cbsi is expected to meet and beat earnings. At these prices (16s) this is a hard stock to ignore. Any comments? "flatsville"

To: Josef Svejk who wrote (13056)	10/14/1998 12:52:00 PM
From: paul e thomas	Read Replies (2) \| Respond to of 13949

Josef, I am not an expert and am relying on what the chairman told me at the annual meeting. He said the object oriented software they aquired from the French company was a major tool to facilitate tuning the broad technology to meet customers individual needs. The other factor is the unquestioned low cost position as measured by gross and net margings IMRS realizes this will be needed for them to be very price competitive.Satish has charged the CFO with the reposibilty of making a further step change in their programmer productivity.IMRS will get most of their business from their existing clients for whom they are doing Y2K remediation work. They have focused on only 6 industries where they know an enormous amount of ancient code is in place on old mainframe systems. They are building specialized tools and libraries for each of the industries. IMRS essentiallly stopped taking new Y2K customers at the end of the first quarter in order to be able to make a seemless transition to the legacy transformation opportunity. The analysts must believe this as IMRS has a 5 year EPS growth rate of 44% per year which is much higher than companies like SYNT,CHRZ and CBSI.The market obviously does not believe today what I say here as IMRS has once again been beaten up like stocks with much poorer fundamentals.I believe this may persist until the first quarter 1999 results are published when IMRS will begin to show big time growth from their non Y2K businesses.