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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Clive who wrote (3591)	2/2/2000 11:46:00 AM
From: arisetech	Respond to of 3896

Cannaccord says BUY---Again 2/2/00 11:41:21 AM 838028 << Prev Msg Thread From todday's morning letter: Microforum Inc. (MCF : TSE : $11.40) David Wong (604) 643-7739 Recommendation: BUY Web site address: www.microforum.com 12-month target price: $14.00 52-week price range: $14.05-0.42 Shares O/S: basic 33.9M fully diluted 43.1M Major shareholders Mgmt. & Directors, 10.2% Weekly trading volume: 2.5M Gross margins (Q3/f2000): 39.7% Market capitalization: $474.1M (f.d.) The company announced further positive developments with its Chapters Online and Microsoft relationships, whereby MCF is contracted to design and develop a new website to target the Canadian home and garden market. The terms, name, and web address were not disclosed. However, we are pleased with the additional business from Chapters Online, which reinforces MCF's reputation as a high-end, Microsoft ecommerce solution provider. With all the different competing ecommerce solutions in the market place, the Microsoft ecommerce solution remains one of the most popular, as it currently runs about 50% of the world's ecommerce websites. We continue to see that MCF's strong relationship with Microsoft has not only helped to endorse the iFront ECS but has also helped to channel more new business to the company. We maintain our 12-month target price of $14.00. Microforum is a BUY.