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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Rehan Mahmud who wrote (1367)	12/3/1999 7:33:00 AM
From: donkeyman	Respond to of 16863

Remember EURO-EBAY -QXL.COM--(QXLC:NASDAQ) I was telling you all about.!! up big the last 2 day's but today she's UP + 35% (Cdn$20.00/sh.) on London.!!!Should be quite an open on the Nasdaq Today.

To: Rehan Mahmud who wrote (1367)	12/3/1999 7:37:00 AM
From: SurfForWealth	Read Replies (1) \| Respond to of 16863

Article in the G & M but nothing to do with the meeting. Cheers!!! Many fund managers miss out on tech stocks Most small, mid caps make less than 7.5%, short of index rise ANDREW BELL Investment Reporter Friday, December 3, 1999 Small-capitalization Canadian technology stocks have been rocking this year, but a lot of mutual fund managers are still listening to C‚line Dion. As of this week, most small- and mid-cap funds had made less than 7.5 per cent in 1999, short of the 10-per-cent rise in the Nesbitt Burns Canadian Small-Cap Index. That means envious fund unitholders have been forced to sit and watch as a host of small technology stocks soar. For small-cap managers, "it's so hard to cover everything," said Stephen Kangas, director of retail brokerage at Canada Trust's CT Securities arm. He divides small-cap managers into three groups: natural resources enthusiasts, buyers of "bread-and-butter, southwestern Ontario" industrial stocks such as auto parts makers and, finally, those who try to ride technology companies. The big problem is that managers who once achieved fat returns with small funds now run so much money that they're forced to buy relatively large companies, said Malvin Spooner, who manages the $4.2-million YMG Emerging Companies Fund and $6.4-million YMG Growth Fund. "They got great performance records and now they're large[-company] or mid-cap funds that pretend to be small-cap funds." Mr. Spooner can afford to gloat a little. As of Wednesday, his funds had soared 48 and 22 per cent this year, respectively, powered by some high-tech names. Still, few managers appear to have caught Wi-LAN Inc. of Calgary, this year's hottest of the hot. Shares in the wireless data technology player have soared 20-fold to $34.30 this year. But according to Globe HySales, The Globe and Mail's monthly database for fund salespeople, only two funds list it among their top holdings. They are the $6.2-million Synergy Canadian Small Cap Fund, which has climbed 28 per cent this year (as of Wednesday), and Toronto-Dominion Bank's $33-million Green Line Canadian Small Cap Equity Fund, which has gained 23 per cent. Peter Hodson, manager of the Synergy fund, says small technology stocks seem to have been driven up in recent weeks as managers of big-company funds grab them in a bid to improve their performance for the year. "A lot of larger-cap managers have been trying to sort of juice their returns." The changes in share prices have been "very fast and very dramatic, so there was [big] money backing the moves," he said. Managers also have missed out on telecommunications equipment maker Aastra Technologies Ltd. of Toronto, whose stock has quadrupled to $12.60 in 1999. According to Globe HySales, only one fund numbered the company among its top 10 holdings at last report. That was the tiny $350,000 @rgentum Discovery Portfolio, which is up a so-so 5.9 per cent this year. Calgary-based Internet site builder Axia NetMedia Corp. is up 247 per cent to $9.20 in 1999, but only the two little YMG funds list it among their biggest stocks. BCE Emergis Inc. of Montreal, the Internet arm of BCE Inc., has soared 242 per cent to $47.50 in 1999, but it shows up as a major holding of only one fund: the $220-million O'Donnell Canadian Emerging Growth Fund, which is up a strong 23 per cent in 1999. Microchip maker Tundra Semiconductor Corp. of Kanata, Ont. -- whose stock has gained 157 per cent since March to trade at $26 -- appears in the top holdings of only four small-cap funds: Mr. Hodson's Synergy fund, the red-hot $40.3-million Bissett Microcap Fund (up 50 per cent this year), the $16-million Cartier Small Cap Canadian Equity Fund (which has been around only since January) and the $21-million National Bank Small Capitalization Fund, which has gained 9 cent in 1999.