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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Vahe who wrote (1814)3/6/1999 12:27:00 PM
From: micromike  Read Replies (1) of 2018
 
Hummingbird to buy PC Docs
theglobeandmail.com
But David Beck, an analyst with TD Securities Inc. in Toronto, said Hummingbird's acquisition of PC Docs strays from its stated strategy of focusing solely on its business intelligence products.

"We're somewhat cautious as this thing unfolds," said Mr. Beck, adding that it's "unclear" whether the two companies make a good fit.

Ralph Garcea, an analyst with Scotia Capital Markets in Toronto, said following through on its vision will be Hummingbird's greatest challenge.

"They have the tools separately that can do what they're talking about, but can they deliver on this vision?" Mr. Garcea asked. "That's going to be the key to this deal."
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Hummingbird stock hurt by takeover of PC Docs
canoe.ca
The stock market punished Hummingbird Communications Ltd. yesterday for its $155-million (US) takeover deal with PC Docs Group International Inc. Analysts worry about the difficulty of integrating the companies' technologies and the dilution of Hummingbird's earnings per share.
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