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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries
CY 23.820.0%Apr 16 5:00 PM EST
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To: De Nardis who wrote (1497)5/12/1999 9:00:00 AM
From: Luc Beaugrand  Read Replies (1) of 3243
 
Globe says investors warm to ID Internet, Cybersurf

Cybersurf Corp CY
Shares issued 17,339,150 May 11 close $3.65
Wed 12 May 99 In the News
The Globe and Mail reports in its Wednesday, May 12, edition that until
recently few people were willing to invest in the Canadian companies that
offer connections to surf the Internet. The Globe's Mark Evans writes that
the reticence seems to be disappearing as the shares of ID Internet Direct
and Cybersurf both hit 52-week highs, of $4.20 and $4.35 respectively, in
the past week amid heavy trading. ID Internet says Canadian investors are
picking up on the firm's growth story but much of the new interest seems to
be coming from south of the border. With 150,000 customers, ID Internet is
the country's fourth-largest ISP. Cybersurf has signed up 75,000 customers
in Edmonton and Calgary for its 3Web service and it now has set it sites on
Toronto. ID Internet is an attractive investment because it could become a
takeover target for a large telephone carrier and it is a profitable, fast
growing business. The biggest challenge facing Cybersurf is the slow growth
of the on-line advertising business in Canada, which pales in comparison to
the United States.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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