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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: swot who wrote (2854)	7/2/1999 9:16:00 AM
From: The Devil Dog	Read Replies (1) of 3896

More consise version new in NP NP says Canaccord's David Wong likes Microforum Microforum Inc MCF Shares issued 24,647,847 Jun 30 close $5.40 Fri 2 Jul 99 In the News The National Post reports in its Thursday edition that the sharp drop in Internet stocks is providing an opportunity for investors to buy companies that have a leading-edge product or service and the capacity to expand market share at better valuations, says David Wong, special situations analyst at Canaccord Capital Corp. in Vancouver. Internet stocks that meet his criteria for selection include Microforum Inc. Toronto-based Microforum specializes in e-commerce, integrated marketing and database services. It recently joined forces with National Bank of Canada to create an e-commerce platform for financial services to provide on-line approval for credit, insurance and leasing transactions. This joint venture, in which Microforum has 49 per cent and National Bank 51 per cent, will generate transaction-based revenue, "which is the essence of e-commerce." Mr. Wong forecasts revenue of $43-million for Microforum's fiscal year ending February, 2000, compared with a reported $29.1-million in fiscal 1999. His 12-month target on the stock is $11 on a fully diluted basis. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com Best regards WB

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