CrossKeys Systems Corp [CKEY and CKY/TSE] Message Board

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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE]

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To: Glenn McDougall who wrote (523)	8/19/1999 3:46:00 PM
From: Glenn McDougall	Read Replies (1) of 792

Ian McLaren the new CEO of CrossKeys is no slouch that's for sure. He has inked a deal with Nortel, got Terry Matthews to do whatever is good for the corporation (not that TM would ever do anything but), increasing employment by some 120 people ~43%(not bad for a company that is having "tough times") and set to make announcements about new contracts and sales channels over the next few weeks according to Mr. McLaren. Looking at the expected increase in employment should tell shareholders where Mr. McLaren expects to take the company over the next year. My only question about the article in the Globe and Mail today is if Newbridge and or Terry agrees to sell some of their positions in the company will it be on the open market? I think not, a far more likely move would be for CrossKeys to buy the shares directly. Based on the annual report as of May 2, 1999 the company had cash of $14.550 million and short-term investments of $41.927 million or total of $56.447 million available. Further based on my last conversation with the company very little of the 5% share buyback had taken place at that time.

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