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Gold/Mining/Energy : Certicom Corporation (TSE:CIC, NASD:CERT) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Drolet who wrote (2314)	11/17/1999 6:12:00 AM
From: Tom Drolet	Read Replies (1) \| Respond to of 4913

Folks: National Post Article this am-- nothing new. Tom D. Wednesday, November 17, 1999 "Techs enjoy red-hot month" U.S. shopping spree: Top gainers on the TSE surge 40% and more Thomas Hirschmann Financial Post, with files from Dow Jones With the traditionally blah market of October in the rearview mirror, November is proving to be an outstanding month for Canadian technology stocks, big and small. The stocks of many of Canada's tech companies have been rocketing over the past couple of weeks, fuelled by U.S. buying. "They're getting picked up by Americans," said Philip Strathy, vice-president of investments at Strathy Investment Management. "There's a lot of U.S. buying occurring up here, believe me." Companies with U.S. exposure have drawn attention: Nortel Networks Corp. (NT/TSE) is up 23.9% in November, Celestica Inc. (CLS/ TSE) has jumped 23% and Research In Motion Ltd. (RIM/TSE) has risen 69.1%. "Wireless is big here; RIM has woken people up," said Peter Schendel, a portfolio manager at Strathy, adding RIM has been buoyed by its U.S. exposure on the Nasdaq Stock Market. "RIM has shown [Canadian] wireless can work in the U.S., and people are revisiting Canada looking for other wireless stories." Wireless-related companies have surged. Sierra Wireless Inc. (SW/ TSE) has led the pack, up 133.1% in November. Wireless local area network company Wi-Lan Inc. (WIN/TSE) is up 21.8%, while its partly owned cellular tracking technology company, Cell-Loq Inc. (CLQ/ASE), has risen 103.9%. Mr. Strathy pointed out that Wi-Lan and Cell-Loq are "basically concept companies" while other players such as JDS Uniphase Corp. (JDU/TSE), which has risen 16.6% in November, and Corel Corp. (COR/TSE), up 71.3%, are "established and going concerns." Corel has made strong gains out of its presentation at the fall Comdex computer show in Las Vegas this week. "An awful lot has to do with Comdex," said Mr. Strathy. Stocks that looked cheap in October are now being bought after presentations to the tech community. Mr. Schendel added that a lot of software companies that had been beaten up are coming through with their business plans. He pointed to Descartes Systems Group Inc. (DSG/TSE), whose stock has soared 66.7% in the past week alone. At least one analyst has said the company is over its transition phase to e-commerce. Certicom Corp. (CIC/TSE) is up 85.2% this month, benefiting from the wireless boom and an anticipated Nasdaq listing, as well as the Comdex effect. "I think it's just more preamble to Comdex," the largest computer trade show in the U.S., said Josef Vejvoda, analyst at National Bank Financial. Even small-cap stocks that aren't on many investor radar screens, such as electronic document company Xenos Group Inc. (XNS/TSE), have felt the surge, with that company's stock making an impressive 59.6% gain. On the Toronto Stock Exchange 300 composite index, the top 10 gains in the past month -- with their minimum gain 42% -- have all been made by tech or wireless communications stocks. Most of those stocks enjoyed the bulk of their gain in November, particularly in the past week.