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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (17987)	1/6/2000 12:17:00 AM
From: Pied Piper	Respond to of 57584

FORM:NASDAQ up 38% this week. Jetform's business is electronic forms and enterprise workflow solutions. It?s products are built around a new e-process application framework that exploits thin-client architectures, XML, and the Microsoft Common Object Model. They are designed to interoperate with many leading business applications, allowing users to tailor powerful automation solutions to their unique business requirements. In addition, they provide a strategy for those enterprises that must support both paper and electronic-based processes. The company is headquartered in Ottawa, Canada and lists on the TSE (JFM) and on NASDAQ (FORM). The company was founded in 1982 and currently has 594 employees. Their website is jetform.com. I hold a fair size position in JFM but I will talk about the history of the NASDAQ listing (FORM). It attained its all-time high of almost $24 in April of 1998. From there it drifted down and in February of last year tanked on bad earnings. The fortunes of the company, apparently, had fallen on hard times. Potential clients of Jetform's products were too busy with Y2K and their budgets were going that way also. For the balance of the year the stock price continued to drift and hit a low of less than $3. There were the odd surges on rumours but basically the price languished. Right at the end of the year there was a bit of a rally and the stock closed 1999 at $5. This week all hell broke loose. Interestingly, although this is a Canadian company, the price has been driven by buying on the NASDAQ, with the TSE listing following behind. Monday, when the TSE was closed, FORM surged 31% (it was up 66% at one point). Tuesday's debacle on the markets led to a downtown but today it surged again. While the NASDAQ was tumbling this morning, FORM went up to 8 ¬, before settling back to close the day at 6 15/16, up 38% on the week. So why the rise? Perhaps, now Y2K is over (Is it? Did it ever begin? No, that's another story.), FORM is once again popular. XML is hot, I'm told. Then there have been the inevitable buyout rumours. I am not sure how to take these. Somebody mentioned Hummingbird and they said recently they are not interested in Jetform. However, something is up! Piper