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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: AChan who wrote (1191)	6/17/2000 5:03:00 PM
From: Thomas DeGagne	Read Replies (2) \| Respond to of 1571

ERP companies will rebound during the second half of this year. Geac's current quarter (March to May) excludes what should prove to be the 2 weakest months for 2000, January and February, due to the Y2K hangover. They will also report before most other ERP companies report their next quarter. This potentially makes them one of the first companies to participate in the rebound. The acquisitions of JDA and Management Data provide Geac with an opportunity to reduce costs during a period of slower industry growth. These European companies also increase the appeal of Geac solutions to multinational companies at a time when Globalization is transforming business. Geac's alliance with Cognos, the leader in BI tools, also strengthens their product offering compared to other mid market ERP competitors. It also provides additional revenue opportunities from existing customers. Geac has remained highly profitable throughout the last 18 months. Most of their competitors have not. When industry growth reaccellerates profits will boom. At the current price (~$15.50) Geac is a bargin. In fact, I have just convinced myself to invest in more shares. I also intend to purchase call options prior to earnings. For those of you who missed the MD purchase a few comments from the press release follow: ``Management Data brings us a vast customer base, new complimentary business lines, market-leading products and a skilled and professional team, ``Our reconciliations business has been growing organically at over 25% per year, and this acquisition reinforces our leadership position in this market." Douglas G. Bergeron, President and CEO, stated, ``This acquisition gives our banking systems division critical mass in this high-growth, high-margin marketplace.''