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

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To: VAUGHN who wrote (4745)3/19/2002 10:43:49 PM
From: Ron Nairn  Read Replies (1) of 4913
 
Sure would like to think so Vaughn. I was pleased to see targets being achieved at Q3 02 and reconfirmation that by Q2 03, profits will begin. Good also to see more press releases indicating use or future use of the products. However, what I'm hard pressed to determine is how much $$$ and how soon will these deals generate cash flow. Just a few OEM's installing on millions of PDA's could translate into huge $$$. What we don't know is which of the licensees are actually at that stage. I still believe the technology is sound and ultimately needed. That's why I'm here.

BTW, Credit Suise/First Boston issued a preview to Q3/02 results wherein they recommended "BUY" with a 12 month target of $4.00 US. It was assuming a revenue of $3Million and a loss per share of $.18. Actual results were $3.2Million and a loss of $.11 per share. They believe the subscription model is the correct approach and that their estimates are conservative.

Here's hoping we're on the right track and the new management team can deliver.

Rondo
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