Teklogix International Inc. TSE:TKX Message Board

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Technology Stocks : Teklogix International Inc. TSE:TKX

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To: Charles Broderick who wrote (124)	1/30/1999 11:52:00 PM
From: R. Walsh	Read Replies (1) of 274

Latest Analyst Report on Teklogix dated 99-01-27 FYI: By Lori McLeod TORONTO (Dow Jones)--Teklogix International Inc.'s (T.TKX) release of strong third-quarter earnings and revenues have led at least one analyst to boost his fiscal 1999 and fiscal 2000 earnings estimates for the company. Earlier Wednesday, Teklogix, of Mississauga, Ont., reported net of 32 Canadian cents a share for the third quarter ended Dec. 31, 1998, compared with a loss from continuing operations of 13 Canadian cents a year earlier. Teklogix's third-quarter net beat CIBC Wood Gundy Securities Inc. analyst Michael Van Aelst's estimate by about 4 Canadian cents a diluted share. The company continues to "outperform" expectations, Van Aelst told Dow Jones. As a result, Van Aelst said he's raised his earnings estimate for Teklogix for fiscal 1999 to 99 Canadian cents a diluted share from 90 Canadian cents. Van Aelst added he's raised his net estimate for fiscal 2000 to C$1.25 a diluted share from C$1.12. Van Aelst also said he's raised his 12-month price target for Teklogix to C$29.00 from C$22.50, and is reiterating his "buy" recommendation on the stock.

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