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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: DO$Kapital who wrote (59694)	1/10/2000 12:20:00 PM
From: Lino...	Read Replies (1) \| Respond to of 108040

This one is traded on TSE, Nasdaq soon By Susan Taylor OTTAWA, Jan 10 (Reuters) - Certicom Corp. shares scaled new heights on Monday as investors viewed the announcement of a new contract as another sign the software developer's encryption tools will become an industry standard. Shares rose C$30.50 in morning trade -- a gain of 28 percent -- to reach a new high of C$138 on the Toronto Stock Exchange, continuing last week's streak. Stock in Toronto-based Certicom gathered speed last week after analysts at Yorkton Securities and Scotia Capital upgraded their price targets. The stock has risen an impressive 573 percent from its close of C$20.50 on the Toronto market on November 1. On Monday, Certicom <CIC.TO> announced that its technology will be incorporated in Minneapolis, Minnesota-based Datakey Inc.'s <DKEY.O> smart cards. No value was disclosed for the deal. Analysts said the market is reacting to another sign that Certicom will become a technology standard, rather than to this deal in particular. Certicom sells security software and consulting services, primarily to the wireless sector, for such gear as phones, palm-top computers, smart cards and Internet content protection. U.S. buyers and Canadian momentum players are likely driving the stock, said Paul Lechem, analyst at CIBC World Markets in Toronto. Investors are considering what Certicom would be worth if it dominated the security market in such high-growth areas as wireless and Internet devices and electronic commerce. "Expectations are, and indications are, that they could well be (the standard)," he said. "Yes there are expectations that there's going to be some good announcements out over the next few weeks, but I think it's really just a big-picture kind of thing." Certicom has already forged deals with such industry titans as 3Com Corp. <COMS.O>, BellSouth Corp. <BLS.N>, Hewlett-Packard Co. <HWP.N>, Motorola Inc. <MOT.N>, and QUALCOMM Inc. <QCOM.O>. Partnership announcements are expected within the next week, said Brandon Osten, analyst at Sprott Securities in Toronto. "I think it's more just momentum right now," he said. "There's a lot of good announcements coming and I think everyone knows it at this point so the stock's moving up in anticipation of those." ($1=$1.46 Canadian) ((Susan Taylor, Reuters Ottawa Newsroom, 613-235-6745, fax 613-235-5890)) REUTERS * end of story *