Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: kendall harmon who wrote (89330)	3/21/2000 8:25:00 AM
From: puborectalis	of 120523

HOTHOTHOT.....Wi-Lan Stock Surges 18 Percent on Bullish Report TORONTO (Reuters) - Shares of Canadian tech start-up Wi-Lan Inc. (Toronto:WIN.TO - news) surged more than 18 percent on Monday on a bullish analyst's report. They were also helped higher in a delayed reaction to Microsoft Corp.'s (NasdaqNM:MSFT - news) endorsement of the type of high-speed wireless standard being developed by the company. Wi-Lan holds patents on W-OFDM (wideband orthogonal frequency division) high-speed wireless transmission. Its shares closed up C$13.05 at C$85.00 on the Toronto Stock Exchange on Monday. On Friday, CIBC World Markets initiated research coverage on Wi-Lan with a bullish 12-month target price of C$200 a share. CIBC's Todd Coupland said in the report that he expects Wi-Lan to increase revenue to C$21 million in 2000 and $80 million in 2001, up from $5.9 million of product sales in 1999. The report followed on news last Tuesday that Microsoft had endorsed the creation of an OFDM standard after a meeting of officials from Wi-Lan, Nokia Corp., L.M. Ericsson Telephone Co. Inc., Philips Electronics NV, Sony Corp. and a host of other technology companies led to an agreement to create an OFDM forum to support that standard.

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