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Gold/Mining/Energy : Certicom Corporation (TSE:CIC, NASD:CERT)

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To: Montana Wildhack who wrote (2629)	1/2/2000 1:02:00 PM
From: Hawkeye	Read Replies (2) of 4913

Can anyone comment as to whether CIC might be their target? Sunday January 2, 6:05 am Eastern Time Baltimore Tech eyes major acquisition DUBLIN, Jan 2 (Reuters) - Irish Internet security firm Baltimore Technologies Plc (NasdaqNM:BALT - news) is considering making a major acquisition, Ireland's Sunday Business Post newspaper reported. Asked whether Baltimore had any particular candidates on the horizon, Chief Executive Fran Rooney said in an interview the company had nothing specific planned but that a takeover could happen ''in the first six months of next year.'' ''We have a market capitalisation of $3 billion now so we can afford to be quite aggressive on our mergers and acquisitions. I could see us being in a position where we could look at a very high-value acquisition,'' Rooney was quoted as saying. Rooney said Nasdaq- and London-listed Baltimore would be looking in the longer term at an acquisition a quarter or half the size of the Irish company. In the shorter term, Baltimore would look at smaller buys, he was quoted as saying. Asked about that strategy, Rooney said the United States was an important market but that Baltimore would also look at the Asia-Pacific region and Japan, focusing on wireless, broadband technologies and media. Rooney said he expected the company to expand its presence in the United States, with the workforce there growing to around 200 people within 18 months from 50 at present. Rooney said he expected revenues from 1999 to exceed the $30 million posted in 1998. He noted that the market expected Baltimore to turn a profit towards the end of 2001. Baltimore listed on Nasdaq in October, raising funds for acquisitions. The company was formed in January 1999 from the merger of UK-based Zergo Holdings with U.S.-based Baltimore. It opted to retain the Baltimore name because it was already known in the United States.

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