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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE -- Ignore unavailable to you. Want to Upgrade?

To: Neil Irwin who wrote (843)	7/23/1999 10:59:00 AM
From: Obie	Read Replies (1) \| Respond to of 1690

Canaccord rates IWM a BUY... With all the selling of Canaccord recently, kind of ironic that Canaccord would rate IWM a buy. Anyways, here is what was posted on their daily letter today... DailyLetter Analysts' Breaking News Friday, July 23, 1999 RECOMMENDATIONS ... 6. BUY Infowave Software Inc. (IWM : VSE : $4.10 : Issued 17.6M) Bradley * Company to join the TSE * Adding sales and marketing strength to build wireless sales Infowave Software Inc. (IWM : VSE : $4.10) Paul Bradley Recommendation: BUY 12-month target price: $5.50 52-week price range: $5.00-0.82 Shares O/S: basic 17.6M, fully diluted 20.4M Shareholders: Management, 40% Long term debt: Nil Weekly trading volume: 1.1M Market capitalization: $72.2M In the weeks following Infowave's $7.2M special warrant financing there have been a number of important developments: * The Company has conditional listing approval from the TSE and anticipates listing by early October. * Canon has been added to the group of printer suppliers it works that Infowave works to offer Apple connectivity solutions to. The announcement covers a development agreement for Canon's multi-functions printers (units providing printing, scanning, copying, and fax facilities) targeted at the home office market. Over the last year, Apple has experienced considerable growth in its iMac and G3 products, which now account for over 12% of all new PC sales-up from 6% last year. The new iBook laptops are expected to experience similarly strong demand. Higher Apple product sales drive an increased demand for compatible printer products. The focus of the special warrant financing was on the development of the wireless messaging software division. One of the key imperatives was the addition of sales and marketing personnel to accelerate the deployment of Infowave's solutions. Jin Pak, a sales professional with e-mail and wireless messaging experience gained at Glenayre and Microsoft, joined the Company as vice president of sales for the wireless business. The announcement coincides with the proliferation of wireless data solutions and recognition of the need for integration of devices, applications, and networks. We regard Infowave as a prime opportunity for gaining exposure to the rapidly growing wireless applications market and recommend the stock as a BUY with a 12-month target price of $5.50. The information contained in this report is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it does Canaccord Capital Corporation ("Canaccord Capital") assume any liability. This information is current as of the date appearing on a report within this Site and Canaccord Capital assumes no obligation to update the information or advise on further developments relating to these securities. The information contained in the report is directed _only_ at, and any securities being offered are available _only_ to, persons resident and located in British Columbia, Alberta, the Yukon, Ontario and Quebec. Canaccord Capital, its affiliated companies and their respective directors, officers and employees and companies with which they are associated may, from time to time, hold the securities mentioned at this report