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Gold/Mining/Energy : Envoy Communications Group (TSE : ECG) -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (142)1/16/2000 2:52:00 PM
From: Uncle Clive  Read Replies (2) | Respond to of 274
 
According to a prospectus filed June 1999, Microsoft Canada accounted for 18% and 7% of Gross margin in Fiscal 1998 and the first half of fiscal 1999 respectively. Here is the link.

sedar.com

Funny that in the G&M article Genovese dismissed it as only 2-2.5% of their business as I recall.

In the risk section of the prospectus you will note that the company said that the loss of any of the top 5 accounts (41% of business collectively), could adversely affect the company's future financial performance.



To: Cush who wrote (142)1/17/2000 9:28:00 AM
From: Grant MacMillan  Read Replies (2) | Respond to of 274
 
Usually when a company declines to participate in a review it is because:

a) they do not want to keep the account.
b) they don't believe they have a legitimate chance of winning the review anyway.

Either way, by not participating, they will lose the account. But the company, at least as I remember it, has a great and talented group working there, so they will land on their feet.

Grant


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