< Wondering where good old Adam A. of Taurus has disappeared to. He'd be likely to come out sometime soon and start bashing MCF after all his recent praise.>
lib, Adam Adamou is bullish on MCF, always has been,you will see more of that shortly. The propectus has to clear before he can start to make more rec's, my guess is the prosp. cleared Friday or early next week, then watch!!!
StockHouse: What are your thoughts on Microforum [Toronto - MCF]? Does that one look good is it a bomb?
Adamou: In my opinion MCF has good marketing growth, diversified business. MCF is, I think, what Amazon should have
been. Amazon went out and started selling books. What they did in order to sell their books, they needed to put together the
marketing arrangements, call centers, distribution, shipping, warehousing, and all of that stuff. What they did was create a huge,
beautifully efficient organization to push products over the Internet. Then what they're doing is, they're using this very efficient
organization to squeeze and stuff pinholes out of the Internet. That's leverage off the organizational contacts that they put
together and increase the size of the pinhole on the Internet to get more products through it. What MCF is doing is something
similar. They've built the vast infrastructure that Amazon has. Why should they go out and try and put their name on stuff and try
to get people to come to their pinholes? They go out to guys like Sony., the National Bank, Ford - the big organizations that
are looking at the Internet and saying, "Boy, this is really good. We got to get on there but I can't justify it to my shareholders
and all kinds of money, because they're going to nail me on my value in the market in the meantime." What they're
(Microforum) doing is, they have got everything that Amazon has in place, but they put other people and names in on top of it.
So, you know Sony might be one, Ford might be another. What they're doing is saying, "You guys drop your name on top of
ours. We'll do the e-commerce stuff. We'll do the fulfillment, shipping, the marketing, call centers and we'll make it look like it's
you, ok? But you pay us to do it, and then you give us a royalty." So what they do is leverage one infrastructure with possibly 5
of other organizations out there. From the organizational perspective, they get in cheap. They get the right to buy stock at a
future date. They don't have to worry about being all - they're not geared to do it anyway. And they can do what they do,
which is manage the product. So as a concept, 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. That (Microforum) is my favorite right now.
StockHouse: In terms of valuation, when Microforum going to kick off and start imitating the rest of the Internet?
Adamou: It certainly looks less expensive than most of the competitors out there
StockHouse: If Microforum is your favorite, who is Number Two?
Adamou: That's tough. I like Microforum because they already have stuff moving forward.
Note* The above was from April18/99 , before news of the MCF and National Bank joint venture, so yes we will hear much more from Adam, I'm certain of this.
Other news Adam has not commented on yet.
TORONTO, April 26 /CNW/ - Microforum Inc. (TSE:MCF) announced this
morning that Internet Frontier Inc. (iFront) has finalized a licensing and development contract exceeding $600,000 for its Software Guaranty CALMS(TM)on-line credit approval system with an undisclosed U.S. financial institution.
TORONTO, April 30 /CNW/ -- Marco Argenti, CEO of Microforum
(Toronto: MCF) subsidiary Internet Frontier, told StockHouse, in a telephone interview Thursday evening, that the successful Toronto-based company plans to expand its distribution channels into the U.S. and Europe, as a result of their successes at the recent New York City e-commerce show, held this past week. Microforum was included in the Microsoft Partners Pavilion, where Argenti told StockHouse, "We've had an overwhelming request for trial
licenses. Overwhelming meaning more than 15. When a solution-provider partner inquires about using this product, it's a conclusion that they'll use it and sell it. We've established a new channel that contains many Microsoft solution-provider partners, and then they will use this product in servicing their clients. For us, it means license fees and support." Argenti also discussed a project Microforum was working on with Razorfish (Nasdaq: RAZF), a recent IPO company in the United States, which has been closely followed.
TORONTO, May 5 /CNW/ - Microforum Inc. (TSE:MCF) is pleased to announce that it has signed an Internet Website development contract with Obus Forme Ltd., the world leader in backrest support systems. Financial terms of the contract were not disclosed.
Microforum will design, develop, and implement a new Obus Forme website. Microforum will also create a unique search engine called a 'dealer locator.'This search engine is designed to help customers find the nearest Obus Forme Ltd. dealer.
and more to come.......
Jazzss |
