Diversity Investment Group Minutes of the Meeting

In Attendance: Todd Fibus, Mike Wall, Marcia Ratka, Holly Deveny,
Russ Douglas, Steve Shockley, John Brock, Tom Saunders, and
Andy Bain.

Members not in attendance:
David Jones, Ron Kozak, Larry Corse, Vreni Luden, David Brodeur

Proxies from Roger Drury, David Robinson, and Peter Carnell were given to Tom Saunders. David Brodeur gave his proxy to Andy Bain

Moments of Inspiration:
Thoughts were shared from John Brock and Mike Wall

The minutes were approved from Sept 2001.

Tom reviewed the valuation statement, the current holdings and spread sheets. There was $1631 to spend tonight. The total amount in checks collected was $1745.

Brian Alexander has resigned and his payout will occur in mid-November after the valuation at the end of October.

Presentations tonight were by Todd Fibus and Tom Saunders.

Andy reviewed the DIG Board and members were canvassed for their interest. A motion was made to buy Techne. This motion was carried.

Todd presented EMC Corporation. EMC designs, manufactures, markets, and supports high performance storage products and provides related services for mainframe and computing systems.

Historical Rev. Growth: 31.7%
Est. Future Rev. Growth: 11.1%
Hist. EPS Growth: 9.1%
Est. Future Rev Growth: 4.8%
Current Price of $11.15 was in the BUY zone.

Tom presented a comparison of General Electric and Honeywell. Both are diversified industrial companies.

GE Honeywell
Historical Rev Growth 5.3% 8.2%
Projected Rev Growth 5.3% 8.2%
Historical EPS Growth 13.2% 16.7%
Projected Rev Growth 13.2% 7.4%
Current Price $37.20-Buy $26.40-Buy

Next meeting will be on November 7, 2001.

Meeting was adjourned.

Minutes submitted by Russ Douglas.

Suggestions or comments? Write DIGnet@mindspring.com.

Return to the Minutes Index

Return to home page of Diversity Investment Group