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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries -- Ignore unavailable to you. Want to Upgrade?

To: Information Center who wrote (2902)	11/20/1999 1:43:00 PM
From: Kerry	Respond to of 3243

Here it is... Don't ignore domestic Net buys Many Canadian firms have excellent technologies Sonita Horvitch Financial Post Canadian Internet companies remain undervalued and there are significant opportunities for more aggressive investors who are willing to do their homework, says David Wong, special situations analyst at Canaccord Capital Corp. in Vancouver. "The market has beaten up on the emerging Canadian Internet sector as investor attention has been focused on Nasdaq." Stocks on the Nasdaq Stock Market tend to offer better liquidity and benefit from a knowledgeable investor base. But there are, says Mr. Wong, a growing number of Canadian companies that have excellent proprietary technologies and huge growth potential that warrant attention. The Canaccord special situations team favours companies with large potential markets for their products and the ability to become leaders in their field. Management must be able to execute their strategy quickly and efficiently and have a timetable projecting revenue growth and profitability. The team has selected a number of "speculative buys," including: - Global Investment.com Financial Inc. (GIV/VSE), which had a recent close of 61½ and trades in a 52-week range of $1.44 to 3½. The Vancouver-based firm is completing a financial services Web site called Investment.com. "The scope of this site is comprehensive in that it covers a wide range of investment options from stocks to collectibles to real estate," says Mr. Wong. The coverage includes Canada, the United States and Britain, but it will be expanded to Europe and Asia. Comparable sites tend to focus more on North America. Global Investment.com has a strategic alliance with Stockhouse.com, considered Canada's best financial Web site for collecting news on technology stocks. "It is a good fit for Global Investment." The alliance will help to brand Investment.com and bring traffic to the site. Global Investment.com expects advertising and sponsorship to be its initial source of revenue. That will expand to include e-commerce transactions, auctions and premium services, says Mr. Wong. His 12-month target on the stock is $1.10. - Cybersurf Corp. (CY/ASE) $2.56 ($4.45-16.5½). Calgary-based Cybersurf develops and markets innovative multimedia software and Internet connection tools. It is the first public company in Canada to offer free Internet access, Mr. Wong says, through its proprietary software, 3web. The main sources of revenue will be advertising, sponsorships and e-commerce transactions. The product can demographically target a user's market based on a profile supplied by the user before loading the software. "The ability to target ads to the user profile is of huge value for advertisers." Cybersurf's Sprite technology allows for the delivery of interactive advertisements "with the same look and feel of a television commercial." Furthermore, it can deliver the ads faster than the time required for banner ads. The company's subscriber base has grown to more than 150,000 from 30,000 at its launch in March. So far, these subscribers have been drawn from Calgary and Edmonton. It was officially launched in Toronto on Nov. 11. The company's scope has also been enhanced by a recent agreement signed with Burnstand Inc. which will provide a variety of strategic services and technical expertise for 3web. The stock has had a huge run, exceeding Mr. Wong's initial price target of $2.50, and he will revise his projections. Team-member Jeff Rath recommends: - Bridges.com Inc. (BIT/ASE) $3.42 ($6.40-60½). Based in Kelowna, B.C., the online career guidance and information Web site is aimed at high school students across North America. Its product, Career Explorer, is an Internet-based library of career-related articles, including job descriptions, education requirements, income ranges, employer descriptions and interviews with professionals in various fields. Its subscription base is around 4,300 schools. That will eventually be expanded to primary schools, universities, libraries, and the at-home market. Mr. Rath expects Bridges to earn 20½ a share for the fiscal year to November, 2000, and 33½ for 2001. His 12-month target price is $5.40. Mr. Wong hasn't recently made a "sell" recommendation on any of the Internet stocks he follows. "These are emerging companies and have tremendous growth possibilities." But he is suggesting that investors take some profits in Taiga Forest Products Ltd. (TFP/TSE) $13.20 ($14.75-$9.30), which he recommended last year at $9.50. "The stock surpassed my $12.50 target set a year ago."