Diversity Investment Group Minutes of the Meeting

In Attendance: Todd Fibus, Ron Kozak, David Jones, Mike Wall, Russ Douglas, John Brock, Brian Alexander, Andy Bain, Peter Carnell, Steve Shockley, Tom Saunders, Holly Deveny, Roger Drury, David Brodeur, David Robinson, Larry Corse.

Missing: (no one)

Guest: Roddell Pleasants (2nd visit)

John Brock shared a moment of inspiration…buy and sell recommendations.
Also shared a V/L.

The minutes were approved for last month.

Tom shared the Valuation Statement. Unit Value: $20.974. Stock split with Techne. Bank of America had a rally…up $4.00.
Discussed a 3-Com lawsuit over purchase of U.S. Robotics.
Approved by DIG to participate.

Jan 13th…..11:30….Tom's house. Annual audit meeting. Go over brokerage statements to make sure everything was posted correctly.

David B. Educational meeting…..on Ratios. How to get numbers out of annual reports. There was some interest in doing this.
Jan 23rd…David B.'s house. 7:30 PM

David B reviewed the officers duties and other responsibilities. Everyone approved adding this to the by-laws.

Vreni gave an interesting presentation on Nepal economics for consideration for membership to DIG.
Voted in for membership by everyone. Welcome Vreni!

Brian volunteered to be the analyst for Fannie Mae.

Roger- VP corner:
Presentations tonight: David J, Andy and Roger.
February: Steve and David R.

David B reviewed the DIG board. Members expressed their "votes" for purchases for this evening.
Tom reviewed cash available to spend this evening: $1,528.
And collected this evening: $2,325.

David J presented DELL. Compared to Gateway and Compaq. Compaq let costs get out of hand. Dell's profit margin is about twice that of Gateway.
Dell is the # 2 PC company in the world. They give on site service for free for 1 year.

Motion to put all money into Microsoft. Discussion. Seconded. Motion carried.

Roger will give his presentation next month.

Andy presented Zebra. The bar code company. Bar code printers.
A manufacturing company.
Forecasted high price: $100.
Est. low price: $15.00
Current price: $40.80 is a HOLD.
Buy up to $36.25.
A mid cap at 1.2 billion.

Holly suggested that we send our portfolio in to BetterInvesting since we've been doing so well. Everyone supported doing this. Need to get a good photo via a digital camera.

David J volunteered to host a congratulatory party for our performance (and for attendance and new membership)….Larry offered to co-host.

Meeting adjourned.

Minutes submitted by David Robinson

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