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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: Steven Erickson who wrote (302)6/2/1998 8:00:00 AM
From: micromike  Read Replies (1) of 1571
 
Here's the press release.

Geac Acquires Remanco
biz.yahoo.com
Remanco, with 1997 revenue of approximately C$20 Million, is a pioneer in the field of restaurant technology. In 1976, Remanco introduced the first point-of-sale system for the restaurant industry, and has continued to lead the marketplace with unique product designs, open systems architecture, innovative color and handheld remote terminals. Remanco's products are installed in over forty countries worldwide.
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It didn't say what they paid for it so it sure doesn't look like the big one like the B&D that they said they are going after. This doesn't seem like a big news event to me. Also the market got hit big time yesterday. My only holding that survived the blood bath was Sun.

JMHO
Mike
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