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

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To: sPD who wrote (1589)3/6/2000 12:15:00 PM
From: airborn  Read Replies (2) of 1673
 
I found this on another thread, I am a long time holder of CGI, anyone selling today will be very upset that they did in a very short time frame:

RE: CGI (GIB): I was told last week that the annoncement of the contract with Nortel(NT)
was postponed because an insider....of BCE bought a lot of CGI share in the last
few weeks...but ...some date were not respected...by this individuals...and BCE was
doing an investigation before this "BIG" annoncement...with NORTEL....also in Montr‚al
a rumors says that IFM and CGI would merge after the spinoff of Nortel....because...both
companies will be stronger if they combined...also...IFM does E-COMMERCE
at 98%...CGI just 20% but invest recently 50M$ in E-COMMERCE....and i don't think that
Monty wants 2 of
his own company to compete against each others...

at this price $24.00CAN cgi is very cheap...less than MM30
also....CGI CLASS B SHARES....will transfer in BCE shares
starting last year when Mr Godin sign a letter that
stipulate this: 20% first year (2000) 30% (2001) rest in 2003...CGI will be control by BCE
entirly by next 3 year..
now BCE hold about 46%....

cgi is very good defensif stock to hold in your long term
buy....

good day! :0)
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