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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: paul e thomas who wrote (12800)9/2/1998 4:10:00 PM
From: P. Ramamoorthy  Read Replies (1) of 13949
 
<<Re.: RISKY, I am never impressed by plans to build office facilities as delusions of grandeur often are accompanied by even greater increases in Fixed costs>>

It was not COGIF's idea to build an office. COGIF is given a Govt. subsidy of $16000 to 15000 in employee salary per year for 9 years for 2000 employees. The office will be in old Montreal. (saw it in Globe and Mail or somewhere). If this is true, the amount of subsidy is estimated at $270Million coming to COGIF in the next 10 years. That is my understanding. Others can check this out. In a business controlled by skill labor the labor costs, not the fixed costs, and the marketing costs tend to be high as seen in 10Q's of such companies. Ram
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