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

To: Poet who wrote (3)	12/18/1998 2:38:00 PM
From: Nanda	Read Replies (1) \| Respond to of 188

PAUL, thanks for starting this thread. IMRS is positioning itself very nicely as a premier IT firm. As of 2 this afternoon I hold 14,000 shares of IMRS. My jan. and Feb. options have almost tripled. we back to good old days.

To: Poet who wrote (3)	12/19/1998 4:25:00 PM
From: Richard Ogier	Read Replies (2) \| Respond to of 188

I'm not sure IMRS will go much higher in the near term. Certainly, since it is almost 1999 the Y2K hype won't drive it much. So IMRS must be valued according to its prospects in 2000 and beyond. One rough estimate of its value would be 30 times expected earnings next year, i.e., 30 * 0.92 = 27.6. This is just a rough guess. A better valuation would need to consider its expected growth rate after 2000 and how well it will transition to non-Y2K work. The earnings might actually be lower in 2000 than 1999, in which case my valuation might be too high. Richard