A couple of comments. I guess the market was disappointed with the lack of big news out of last nights meeting in Calgary. That's ok because as Uptickin just said it was a buying opportunity. I doubled my position for $3.71 near the close. High tech , especially small cap leading edge, co. share prices tend to fluctuate wildly. The CEO Dr. Zaghloul did state last evening that they are in serious negotiations. It's probably not a matter of if but when news will follow. Todays NR's were very positive and the good word on Wi-LAN is spreading fast IMO. Today's NR as I posted below was all over Yahoo today. Nice exposure. PS. Dr. Hatim Zaghloul, I presume you're still reading this board and thanks for doing so and leaving your informative post. I was quite impressed to see you take the time to do this, even on weekends. Could I be so bold as to ask you to explain your motivation for doing so? I noticed JDS Fitel got pasted yesterday, down $13. Could this be related to the threat of wireless technology which seems to be gaining momentum? Lastly regarding the earlier posters comment about Adam Adamou and Bid.com. BII.to down $5.25 today ater losing $3.xx yesterday. Personally I only invest in quality companys like WIN. Cheers!!! Tuesday April 20, 12:04 pm Eastern Time
Company Press Release
SOURCE: StockHouse Media Corporation
A Leading Canadian Internet Analyst Reveals Favorite Stocks: eBay, Amazon.com, Dell, Toronto-Dominion Bank, Nokia, Microforum, Rowe.com;
Questions Bid.Com, American Gem and Research in Motion; Says Internet Valuations to Grow Another 1300% Over Next 10 Years
SARASOTA, Fla., April 20 /PRNewswire/ -- In Monday's featured StockHouse interview, one of Canada's Leading Internet Analysts, Adam Adamou, counted two of the usual Internet favorites, Amazon.com (Nasdq: AMZN) and eBay (Nasdaq: EBAY - news), among his favorite basket of Internet stocks, but surprisingly added three others, which aren't normal Internet picks, and named three relatively unknown Internet companies in his hopper of favorite Internet picks.
Adam Adamou, bullish on Dell Computer (Nasdaq: DELL - news), ''I think Dell is one of the best Internet companies out there that nobody treats as an Internet company. They sell $14 million bucks a day on the Internet. If Dell were to sell out their Internet division, it would probably end up being worth more than Dell. And then the Internet division could come back and buy Dell and get a higher market cap.''
Adamou, a Taurus Capital Markets Partner (of the Investment Banking Division) explained that the Net.B@nk phenomenon should impact the share price of Toronto-Dominion Bank (NYSE: TD - news; Toronto: TD - news), saying, ''It's a good stock to own pre-Waterhouse (Securities) IPO. I think the banking component of TD is undervalued.''
Adamou named Microforum (Toronto: MCF - news) as his favorite among Canadian- based Internet companies, saying, ''It's probably one of the most compelling ideas I have heard in a very long time. It's starting to happen. They've got a lot of different things on the go. They're making the right decisions. They're slowly, methodically building a real business in terms of Canadian Internet companies.'' Microforum is reportedly considering a Nasdaq listing and recently hired a U.S. based legal firm, specializing in securities listings for that purpose. Adamou also likes Rowe.com (Nasdaq: ROWE - news), which was initially Canadian-based, but moved to the U.S, and Wi Lan (Alberta: WIN.AL - news) which may become a contender in the wireless Internet field. He also favors Nokia (NYSE: NOK.A - news) as a contender for the wireless Internet sector.
Three Canadian Internet, or Internet-related, stocks that Adamou questions include Research in Motion (Nasdaq: RIMM - news; Toronto: RIM - news), American Gem (Toronto: GEM - news), and Bid.Com (Toronto: BII - news), but he does not rule them out because he believes the Internet valuations show growth by another 13 times over the next ten years.
To view the entire interview online, visit www.stockhouse.com
StockHouse Media Corporation is an Internet financial media information service company providing breaking news about North American stocks via their Internet publication, StockHouse.com. With over 700,000 visitors per month, StockHouse has emerged as a leading, online, global financial content provider. A subsidiary, StockHouse Canada is the #1 Canadian financial website, where an estimated 18% of Canadian online investors conduct investment research. StockHouse maintains offices in the United States of America, Canada, and Australia.
CONTACT: Hilary Chiba, StockHouse Media Corporation, 941-365-5719, or e- mail, hchiba@stockhouse.com.
SOURCE: StockHouse Media Corporation
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