Some comparisons to MCF's neighbor Razorfish, which some analysts are saying are close-knitted.
Keep in mind RAZF is trading up 7.25 at 53.60 American or 82.15 Canadian.
Microforum, Inc. (TSE:MCF - news) reported revenues of $9,059,212, an increase of
$7,812,719 for its Third Quarter ending November 30, 1998, compared to revenues of $1,246,503 for the same period of the
previous year.
3rd Quarter November 30 1998(x) 1997
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Revenue, from continuing operations C$9,059,212 C$1,246,503
Net loss ($3,082,568) ($195,696)
Basic EPS ($0.18) ($0.03)
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RAZF has a current eps of (.38)
Its current story (on CBS Marketwatch):
Web consulting firm Razorfish (RAZF: news, msgs) jumped 16, or 48
percent, to 49 1/2. On Tuesday, the recent IPO ran up 109 percent, or 33 1/2 points, on top of the initial offering price of $16. The Manhattan-based firm raised $48 million by offering 3 million shares. Credit Suisse First Boston led the deal. The company is vying for a piece of the $2.4 billion worldwide Web consulting business. By 2002, the market is expected to grow to nearly $33 billion.
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The difference between the two are many however:
1) Shares outstanding - MCF still much cheaper now when considering price.
2) MCF reporting profits of 30 mil. with a "great quarterly report" coming up
3) Backing by MSFT and award winning software.
More to come....
RTQ 10.41 on 5.4 mil.
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