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   Non-TechThe Source Information Mgmt Co.(SORC)


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To: JanyBlueEyes who wrote (72)6/16/1998 1:39:00 PM
From: JanyBlueEyes
   of 121
 
News - Earnings

ST. LOUIS, Mo.--(BUSINESS WIRE)--June 16, 1998--The Source
Information Management Company (Nasdaq-SORC) today announced its sixth
successive record quarter for revenue and net income
.

Net income for the first quarter ended April 30, 1998 was
$726,647 a 17% increase over the previous record 4th quarter results
of $622,199 and a 184% increase over the comparable first quarter from
the past year. Revenue for the quarter was $3,595,202 an increase of
6% over the 4th quarter and a 42% increase over the corresponding
quarter from last year.
*T

Quarter Ended Apr. 30, 1998 Apr. 30, 1997

Revenues $3,595,202 $2,527,879
Net Income 726,647 256,127
Avg. Shares 8,499,070 5,823,777

Shr. Earns:

Net Income .09 .04

Condensed Summary Balance Sheet at April 30, 1998

Current Assets $21,505,951
Non-current Assets 4,228,736
-----------
Total Assets 25,734,687

Current Liabilities 3,116,385
Non-current Liabilities 9,385,283

Total Liabilities 12,501,668

Equity $13,233,019

*T

These results reflect the continuing development of various
improved service programs the Company provides for its retailer
clients. The Company has now completed its consolidation of all
acquisitions into its High Point operation and has successfully
expanded its Advance Pay and Front-End Management programs
.

The Company introduced newly developed technology for its Front-End

Management program called SOURCEPRO in June of this year. Front-End
Management now has over 10,000 stores under contract, up from 2,000 stores
since October 1997
. This technology enables retailers to see 3-D imaging
of checkout configurations and instantly calculate the potential earnings of
each configuration based on historical data
.

The Source is a leading provider of periodical information and
related marketing services to hundreds of retail chains in the
grocery, convenience, mass merchandise, and pharmacy industries. Their
integrated software system is designed to efficiently and accurately
monitor sales of high volume consumer products primarily to optimize
sales incentive payments offered by manufacturers.

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To: JanyBlueEyes who wrote (73)6/17/1998 12:15:00 PM
From: Tensane 1
   of 121
 
Jane,

Seems that this company continues to show that they are truly a growth company, accelerating their earnings, increasing their market share, increasing their markets, etc.

Couple of questions, this private offering, with their current asset to current liability ratio so good, why not generate cash from within, why do a secondary, and why the 500,000 sold by insiders on this deal? I could speculate that they have a target for acquisition, or they have a new product to roll out, and need cash to assist in rolling out the new product, but thought I'd ask your opinion.

No one can dispute their growth, but it has been my experience that it usually takes time for the market to accept a secondary offering unless the money is immediately utilized.

Kevin

P.S. It's a lot more fun discussing the business at hand, instead of defending your dignity, isn't it, it's been a tough couple of weeks.

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To: Tensane 1 who wrote (74)7/9/1998 12:05:00 AM
From: Gurupup
   of 121
 
I have tried to post on this site for 3 days, and it would not take.

So I am trying again. SORC is in Wall Street Journal today in Investment Dartboard:Pros handily beat darts. I don't know how to access Dow Jones News or Wall Street Journal, but it is a good article. Company is shooting the lights out fundamentally, and the recent secondary offering brought in many new heavy players, who see this as long term major idea. Not a small growth stock anymore, about to join the major leagues.

My price target is at least a double from here in 12 months, and maybe higher as earnings are going to explode, and new ventures are going to take them to a new level.

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To: Gurupup who wrote (75)7/9/1998 7:49:00 PM
From: Tensane 1
   of 121
 
Skip,

Did you see the volume today? Remember when they were in the 20k range? I wasn't so sure that they were doing a good thing when they made the secondary, but it seems to give the stock more liquidity. They seem to have their act together.

Kevin

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To: Tensane 1 who wrote (76)8/9/1998 11:27:00 PM
From: Walk Softly
   of 121
 
I really like this one at these levels.....

Honorable mention under my thread......

Message 5453911

ES

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To: Walk Softly who wrote (77)8/19/1998 8:46:00 PM
From: IndyTom
   of 121
 
Recent pullback a good buying opportunity in SORC. Latest I have heard from compay is that prepay program is very strong. Recently acquired Texas-based operation should contribute further. Possibility of UPC project starting to contribute by year-end. IMHO the growth engine looks solidly in place at SORC. 1-year tagret price $10-$12.

Go SORC,

Tom

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To: IndyTom who wrote (78)8/19/1998 10:09:00 PM
From: Walk Softly
   of 121
 
IT... thanks... just looked at the chart today.... definitely time to add.... they have a great niche.... I believe a good long term hold....

ES

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To: Walk Softly who wrote (79)9/3/1998 10:45:00 AM
From: JanyBlueEyes
   of 121
 
QUARTERLY RESULTS

The Source Information Management Company Announces Another Record Financial Performance

BusinessWire, Thursday, September 03, 1998 at 09:26

ST. LOUIS and HIGH POINT, N.C.--(BUSINESS WIRE)--Sept. 3, 1998--The Source Information
Management Company (NASDAQ:SORC) today announced its seventh successive record
quarter for net income
.

Net income for the second quarter ended July 31, 1998, was $790,786, a 137% increase
over second quarter of 1997 net income of $333,472.

This also represents a 9% sequential increase over the first quarter of 1998, which was
a strong quarter, reflecting extraordinary magazine sales due to publications dealing
with the death of Princess Diana.

The Company also announced today that it has entered into a contractual
relationship to provide retail display allowance services to Eckerd
Corporation. Eckerd operates over 2,500 stores.



Quarter Ended July 31, 1998 July 31, 1997

Revenues $3,580,588 $2,940,137
Net Income 790,786 333,472
Avg. Shares 9,238,183 5,890,443
Shr. Earns:
Net Income - Basic .09 .04
- Diluted .09 .04

Six Months Ended
Revenues $7,175,790 $5,459,668
Net Income 1,517,415 589,598
Avg. Shares 8,865,692 5,857,698
Shr. Earns:
Net Income - Basic .18 .08
- Diluted .17 .08

Condensed Summary Balance Sheet at July 31, 1998
Current Assets $23,637,000
Non-current Assets 6,660,489
Total Assets 30,297,490

Current Liabilities 5,723,762
Non-current Liabilities 2,496,599
Total Liabilities 8,220,361

Equity $22,077,129

The information contained in this press release may include statements
regarding matters
which are not historical facts (including statements regarding the plans, beliefs or
expectations of the Company) which are forward-looking statements.......

The Source Information Management Company is a leading provider
of periodical information and related marketing services to the majority of retail chains
in the grocery, convenience, mass merchandise, and pharmacy industries.

Their integrated software system is designed to efficiently and accurately
monitor sales of thousands of high volume consumer products primarily to optimize
and collect sales incentive payments offered by manufacturers.

CONTACT: The Source Information Management Company, St. Louis
W. Brian Rodgers, 314/995-9040

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To: JanyBlueEyes who wrote (80)9/3/1998 5:30:00 PM
From: Tensane 1
   of 121
 
Jane,

Yet another great quarter for a very low key company that IMO is very well run and continues to show accelerating growth. Why is this company still selling in the mid 5's is beyond me. I'm sure that the overall market situation may have something to do with it. Great news on the Eckerd deal. I live in Florida and they are putting up new stores everywhere. Correct me if I'm wrong, but doesn't JC Penney now own Eckerd's now? You would think that JC Penney could become another potential customer. At present, I don't own any stock in SORC but still watch it, and like the company, I sold to buy more CCSI at the $14 level. Not looking like a good move, but I still feel CCSI will pay us in the long run, I'm still a believer.

Kevin

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To: Tensane 1 who wrote (81)9/3/1998 10:25:00 PM
From: JanyBlueEyes
   of 121
 
Eckerd

Eckerd is the latest in a long list of major clients for SORC. JC Penney Co did acquire Eckerd (as shown below).

From Eckerd's latest 10K:

...At February 1, 1997, the Eckerd chain consisted of 1,756 stores in 13 states located primarily in the Sunbelt. Over its 44-year history, the Eckerd drugstore chain has built a strong market position in areas where demographic characteristics are favorable to drugstore growth. Eckerd stores are concentrated in 10 of the 12 metropolitan statistical areas with the largest percentage growth in population from 1980 to 1990, and, according to industry sources, ranks first or second in terms of drugstore sales in 20 of the major metropolitan markets in which it operates.....

....The Company was formed by J. C. Penney Company, Inc. ("JCPenney") in 1996 for the purpose of acquiring the former Eckerd Corporation ("Old Eckerd") in a transaction effected through a cash tender offer of $35.00 per share for 50.1% of Old Eckerd's outstanding common stock (which was completed in December 1996), followed by a second step merger completed on February 27, 1997 in which Old Eckerd stockholders received 0.6604 shares of JCPenney common stock for each remaining share of Old Eckerd common stock not purchased in the tender offer
(the "Acquisition")......

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