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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (760)	11/29/2000 9:04:50 AM
From: Francois Lavoie	Read Replies (1) \| Respond to of 792

If the value wasn't disclosed, now it is. CrossKeys deal boosts shares Kristin Goff The Ottawa Citizen; with files from News Services Shares of CrossKeys Systems Corp. jumped nine per cent yesterday on news of a $2.5 million deal with Worldcom. CrossKeys of Kanata said its sale of its Resolve software to Worldcom is its "most significant" sale to date of the network performance software, and could be the first of a series of deals with Worldcom, a global leader in setting the standard for Internet service. "This sale demonstrates the engineering strength of CrossKeys software through its ability to address the complex business and technical challenges of a large service provider," said Ian McLaren, president and chief executive officer of CrossKeys, in a statement. CrossKeys software provides a unique method to measure and monitor network performance, which is important to the growth of e-commerce and other Internet services, the company said. CrossKeys shares rose 80 cents to close at $9.50 in trading on the Toronto Stock Exchange yesterday, despite a generally poor day for technology issues and overall loss of 202 points on the TSE 300 index. CrossKeys shares had traded as high as $10.85 earlier in the day. CrossKeys spokesman John Blackmore said the news of the Worldcom deal was the trigger for CrossKeys' share price gain yesterday, partly because of the global profile of its new customer. The deal with UUNet, a Worldcom company, was made by CrossKeys' U.S. sales unit, based in Vienna, Virginia, and covers North America. But there is potential for more, Mr. Blackmore said. ======== Posted Tuesday November 28, 2000 CrossKeys stock rises on WorldCom sale By Jeff Jedras, Ottawa Business Journal CrossKeys Systems Corp. announced a "multi-million dollar" sale Tuesday to telecommunications giant WorldCom, causing the company's stock to rise on the TSE. The sale is for CrossKeys Resolve software, which provides a way to measure and monitor Internet Protocol network performance, crucial for the growth of e-commerce and other Internet applications. Ottawa's CrossKeys says this is the most significant sale so far of the CrossKeys software. WorldCom will use the software to draw network and service data from its proprietary network management system. "This sale demonstrates the engineering strength of CrossKeys software through its ability to address the complex business and technical challenges of a large service provider," says Ian McLaren, CrossKeys president and CEO. On Tuesday the company's stock rose by 80 cents to $9.50 on the TSE, up nearly 9% from Monday's close. At one point Tuesday, the stock was as high as $10.85.