CGI Group (GIB.A) - Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CGI Group (GIB.A) -

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BM who wrote (1039)	3/2/1999 9:30:00 AM
From: The Coz	Read Replies (2) of 1673

Hey BM. I'd like to respond to that. Cause I think he was responding to my comment. It doesn't say at all $100/year. One should wonder WHY, in all the previous news releases about outsourcing contracts, did CGI ALWAYS stated the size of the contract but THIS TIME, it's not mentioned? If you look at todays Gazette, an article indicates that CGI will end-up with 500 (Bell Mobility) employees. You can be sure that they would not hire 500 new people with an undermined contract size. Variables are always defined before CGI can say "Yep, this is profitable to us and to the customer!". Just in salaries and benefits you can calculate about $35 to $40 million a year. And this is a 10 year contract. If we do the math, that's $350 to $400 in wages !!! There has got to be more than $100 million for us. I am absolutely sure of this. I don't know why this particular news release was written this way. But I'll tell you this; at the end of Q2, watch the order backlog change drastically. If its changed to $7.7 billion, that will be our confirmation! On another note. You should all read todays Globe and Mail. There is 2 articles where CGI is mentioned. First article. CGI will now be part of the TSE100 index. Second article. A review of yesterday's NR but also includes a comment from a stock broker who's name is not revealed, saying that the acquisition is only a day or two away from being a DONE DEAL !!! I wonder where he got this information. If it's true. This should be big people !!! Stay tuned !

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next