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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF)

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To: brokker who wrote (80)1/11/1999 1:58:00 PM
From: ZEUS  Read Replies (1) of 214
 
The company needs to release some news soon. We had a terrific run up last week and I did manage to pick some more up today on the weakness this morning. Even at $15-16 Canadian, I still think this company is undervalued. I am expecting some news out this week that will shed some light of the possible merger between Clearnet and either Bell Mobility and/or BC Tel.Telus.
Based on the different people I have been speaking to you (investment and telecommunications field), there seems to be a general consensus that we will see $20 Canadian by month end if not sooner. I have a close friend that is broker for Merrill Lynch in Toronto. He thinks we will see $25 in the not too distant future and is pretty confident that will hear a merger announcement or at least talks of one, relatively soon. Based on all my DD, I tend to agree with him. Time will tell!!!

Cheers,
ZEUS
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