Cognicase (COGI, T.COG) - Integrated IT Solutions Message Board

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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions

COGI 4.550

+8.3%

Jul 18 5:00 PM EST

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To: gerald tseng who wrote (91)	3/11/1998 12:16:00 AM
From: BM	of 843

Gerald, some add-ons to your notes. >> 3. Hexagon acq.: the company is running profit margin of 3.5% before acquisition (net margin after expenses and tax), COGIF intends to improve the margin to 7% within 2 qtrs. The reason given for the low margins is a function of the nature of the current company (i.e. a private company) and management's way of rewarding itself. Under Cognicase and a different rewards structure which does more to enhance shareholder value, the margins should improve. So 7% is viewed as very achieveable. >> 5. Question asked if Co. seeing some cross-selling due to the acquisitions, they answered YES, but they did not seemed to have anything material to specifically talk about. I heard the CEO mention that several Icotech clients had now become Cognicase clients as well. >> 6. Somewhere during the CC, I THINK I HEARD ceo said they are planning to announce contract with Canadian goverment today He said (yesterday) that the government was scheduled to announce contracts, which it did today. As per my post of the release, Cognicase isn't mentioned directly but will gain substantially due to three partners being among the seven who were awarded today. >> 7. Another part I didn't get it quite clear. Question re: LOC charge is 40c-50c/LOC w/o testing, $1.20/LOC w/testing. That's correct. But even more significant to me was the mention of the LOC charges in the US - I'm pretty sure I heard them say 50-60 per LOC in the US where demand is even higher. As a Canadian, I simply love a company whose revenues are in U.S. greenbacks while its SG&A is in Canadian loonies !!! >> anyone more familiar with COGIF, please listen to the replay. I might have missed important points from the CC due to the fact that I just started study this stock, some important dialog might not transpire into any significance in my ear. You did exceedingly well for being new to the company Gerald. Thanks for sharing your notes.

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