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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Mark Konrad who wrote (78048)	12/13/1999 1:52:00 PM
From: Old Stock Collector	Read Replies (1) \| Respond to of 90042

Mark:Tech Headlines More news on <FORM> Monday December 13 1:15 PM ET JetForm Stock Gets Lift From U.S. Contract By Susan Taylor OTTAWA (Reuters) - Shares of troubled electronic forms developer JetForm Corp. (Toronto:JFM.TO - news)(NasdaqNM:FORM - news) gained altitude on Monday as a high-profile deal lifted the stock by nearly 19 percent. Stock in the Ottawa-based company added C$1.15 on the Toronto Stock Exchange to trade at C$7.60 with 383,000 shares traded. On Nasdaq, the issue gained 7/8 to trade at 5-1/8, a 20.6 percent gain. The surge follows the announcement on Monday morning of a $2-million deal to supply the U.S. social security administration with software to convert paper forms to electronic versions. JetForm sells software that automates business form processing. JetForm also said on Monday it has signed up reseller STAR Information Technology Corp. as a high-end sales partner. Combined, the two news items indicate JetForm's tools remain attractive to the market, said Paul Bradley, analyst at Canaccord Capital Corp. in Toronto. The company has limped through the year with four money-losing quarters but Bradley upgraded JetForm stock to 'strong buy' from ``speculative buy'. ``They've put products in place -- an e-process framework -- they've undergone a fairly massive reorganization of the business and cost-cutting. They've swept through the senior tiers of the management and presumably put the right people in place,' said Bradley. ``When you put all that in place, and given that our research suggests the strong demand for the product, that's not so much a speculative situation anymore.' The firm's strong showing on the market is a reversal for JetForm, which has suffered stalled sales as key customers in the government and financial sectors devote their budgets to Y2K repairs. The stock has a 52-week high of C$21.35 and a low of C$4.50.