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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: The Coz who wrote (1391)	9/23/1999 12:13:00 AM
From: Jean-Robert Grenier	Read Replies (1) of 1673

Ok The Coz, you have a point but let's put it in CGI perspective for a moment: 1) CGI always said that any acquisition have to increase their bottom line in $, in % and finally P/S. 2) CGI already realize 20% of 1.5MM$ in the e-comm witch represent 300M$ 3) IFM are not profitable yet and their revenues are lower in the e-comm. The only reason for CGI to buy out IFM would be by outsourcing their IT operations on a profitable bases. But in the same time, why the Father (BCE) would ask their big son (CGI) to take care of their youngers son (IFM) ? It would sound like a lack of confidence in the IFM management and in their self + I am not sure who the Business Community would react to that scenario ? One think is for sure, the CGI management looks stronger then the IFM management. These are my thoughts. What do you think about it ? Au revoir Jean-Robert

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