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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF
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To: Kerm Yerman who wrote ()7/21/1999 3:05:00 PM
From: Blair Magnus  Read Replies (1) of 2082
 
I have recently started to follow this company. At first glance, see a decrease in cash of $12.2 million (all figures in Canadian $) over the last two year - offset by $10 mill share issuance. Aprox market cap is $148 mill. This appears quite high given the company does not produce net income, and total 98 revenues were less then $2 mill.

As well, I do not see any significant investment in new product development, or enhancement of the current products for that matter. From this, I assume that this company has been sitting on their current technology for aprox 3 year, with out much success. $148 mill is a lot of cash to hold up to the potential success of this technology.

Fortunately, the company has very little debt ($500 mill), which gives them the ability to raise cash to bring the product to market - and hopefully not further dilute share by raising cash in capital market.

Could someone assist me in understanding the position the company has on this technology - is it legally protected, or is it preparatory knowledge, are there similar products on the market?

It seems to me that the industry is well aware of the potential Asian market - as such I would assume that in the three years that this technology has been floating around, other companies would attempt to move in on the market.

I am considering investing in this company.
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