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

To: Ron Nairn who wrote (2431)	12/4/1999 7:48:00 AM
From: Tom Drolet	Respond to of 4913

Rondo: Just FYI--Press in Canada today ( National Post-Fin Section,), a bit piece in G&M--can't find electronically yet. Saturday, December 04, 1999 Certicom soars to record price Stephen Miles Financial Post ( of the National Post), with files from news services Certicom Corp. (CIC/TSE), up $8.95 to a record high of $59, on volume of 305,267 shares. The Mississauga, Ont.-based encryption software developer took its gains this week to a stellar 34%. The stock was maintained as a "speculative buy" yesterday by Mark Pavan, an analyst at Yorkton Securities Inc. He set a new 12- to 18-month target price of $70. On Wednesday, Certicom said its loss in the second quarter ended Oct. 31 narrowed to $5.3-million (US), or 49½ (US) a share, from $5.6-million (US) (53½ US) in the same period a year earlier. Ralph Garcea, an analyst at Scotia Capital, said Certicom and other security stocks are cashing in on growth in Internet commerce and concerns about online security, together with a rise in valuations of wireless data-related firms. He rates Certicom a "buy." Yesterday the stock overtook his 12-month target price of $54, which he derived by applying a price-to-sales multiple of 12 times the analyst's third quarter 2001 to second quarter 2002 revenue per share estimates of $4.46. Mr. Garcea said all the industry category leaders -- Verisign Inc. (78.2), Entrust Technologies Inc. (14.9), ISS Group Inc. (15.7) and Check Point Software Technologies Inc. (18.1) -- are trading at high forward revenue multiples. "We believe Certicom is a recognized leader in encryption technology for wireless messaging applications and e-commerce software," he said. - - -