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

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To: Grabs who wrote (85)1/12/1999 11:16:00 PM
From: brokker  Read Replies (1) of 214
 
IFM (Mpact Immedia: symbol IFM) is a stock on the the Montreal stock exchange that deals in e-commerce it is now 65% owned by BCE (4% was or still may be owned by Compaq--by accident) and will change names very soon to BCE Emergis. They have just obtained a contract from the Federal Government and beat out such companies as IBM. AT&T, Deloitte Touche, and Arthur Anderson. They have the financial backing, money in the bank, and a fortune 500 client list. Part of the original deal was that BCE had rolled in Bell Emergis into this company plus $52 million for the 65% stake. This stock is now at around $17 cdn, I have been watching it since $3.50 and bought it at $9. Probably one of the lowest risk internet stocks since BCE wants them to be a pillar much like Northern Telecom, CGI, Teleglobe ... BPI fund manager Steve Misner picks it as his #1 pick for 1999.

PI is some sort of newswire that I don't know about, but someone had a post about Merrill Lynch and Clearnet at the same time that PI showed up as having news on my screen. I don't know where the news comes from...

Thank You for trying to help.
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