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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Jim P who wrote (241)	3/10/1998 6:59:00 PM
From: Savvy	Read Replies (2) of 553

Discreet lost quite a bit of ground today (Mar. 10th), likely due in part to the dilutive effect, however this has driven down the value to MGI shareholders to about $3.62 US or around CDN$5.00 - 5.10. At today's closing of MGI at $4.95 CDN, is there a buying opportunity? I guess it depends on how much lower Discreet drops. The interesting thing is that they have an option to acquire up to 20% of the oustanding shares ... makes one wonder if they weren't buying today on the open market as well. The other point I caught in the release was that the deal is not expected to close until early 1999. Comments?

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