EMG (EMY.V) Message Board

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Gold/Mining/Energy : EMG (EMY.V)

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To: maintenance who wrote (13)	1/21/2001 7:25:08 AM
From: SurfForWealth	Read Replies (1) of 22

Hello Maintenance, I was pleased to discover an SI thread on EMY, thanks for starting it. It has been pretty quiet but perhaps as more investors discover this company and thereafter this thread, the action will hopefully pick up. I would enjoy getting some discussion going in the hopes of learning more about EMY. I first bought a small amount in October 2000 but have accumulated more on several occasions and it now represents one of my largest holdings. The company appears to be well managed and has provided us with a steady stream of very positive NR's since early November. I feel the good news has not been properly reflected in the share price. I feel they are operating in a potentially double sweet spot. First the EMS (Electronic Manufacturing Services) sector and then having a focus on the mid-tier wireless sector. Both areas which will likely see high growth rates over the next few years. I wanted to share some thoughts. The TSE listing should help a lot and that will hopefully lead to more analyst coverage. I expect a blow out Q4 which should get the attention of the potential analyst and I will explain why. Please share your thoughts on this. In their Q3 report they told us their Sept revenue run rate was $4.5 million. Message 14811492 The 9 months revenue was about $18 million and they are expected to total $30 million for 2000. BTW their FY matches the calendar year. 3 x $4.5 is $13.5 million which would give them $31 M for FY 2000. However they announced and completed fulfillment of a new contract with Novatel for $7 M USD which is $10.7 M CDN in the 4th Q alone according to my interpretation of the news release here. Message 15204392 It seems to me we should see a total revenue figure much higher than $13 M for Q4. I also interpret the above NR as the $18M US contract is for 2001 and in addition to the $7M USD for Q4 2000. They have a long term contract arrangement with Novatel which will be renewed each year, both parties willing. Novatel is the main competitor of SW and I would expect their product requirements to grow rapidly. It is feasible that EMY could sign WIN & CLQ for contracts at some point. Revenue projections are: (i) $30 million for fiscal 2000, (ii) $75 million for fiscal 2001, (iii) $150 million for fiscal 2002. EMG expects to show profitability in 2001. I asked a friend who heads a Canadian TA thread about EMY here; Message 15208538 His response is here; Message 15210314 BTW I view EMY as a long term hold but enjoy the TA perspective anyway & I do engage in some opportune trading at times. Once they get on the TSE, if they can continue to execute as they have, then I would think they will be an attractive holding for many fund managers. This should help the share price over time. Take care, Cheers!!!

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