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Gold/Mining/Energy : Canadian Technology issues

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To: Vartan who wrote ()	2/7/1996 3:31:00 PM
From: Musti	of 640

Accugraph (ACCUF), Toronto exchange stock, now trades on NASDAQ even though the company is physically HQ'd in Texas. Moving up nicely off its 2 by 2 1/4 low to 2 1/2 by 2 3/4. Company is a software developer in physical network management market (s/w to help large companies keep track of their physical assets). This is a very high growth market -- ACCUF has real sales of $20m / year, total market cap of only $50m at $2 1/2. Stock stumbled off its yearly high of 6 3/4 when they invested in a channel program as opposed to 100% direct sales -- should pay off big over time. Look for this to move past its yearly high when channel investment kicks in throughout '96 and '97.

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