Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (52786)	8/3/2001 2:04:20 PM
From: russet	Read Replies (1) \| Respond to of 62347

Certicom Shares Surge on Takeover Speculation, Analysts Say By Sean B. Pasternak c.2001 Bloomberg News Hayward, California, Aug. 3 (Bloomberg) -- Certicom Corp. shares rose as much as 55 percent on speculation that the maker of wireless security software may be taken over, analysts said. Shares of Certicom rose C$2.14 ($1.39) to C$6.15 in early afternoon Toronto trading. Earlier they touched C$6.20. About 1.4 million shares changed hands, more than triple the three-month daily average. Certicom, whose shares had lost 87 percent of their value this year, may be ripe for a takeover, said TD Securities analyst Josef Vejvoda, who didn't name any likely buyers. The Hayward, California, company fired 30 percent of its staff in June to cut costs. ``Their technology is a key ingredient for most wireless providers,'' Vejvoda said in an interview. ``At this point, this would be a great time to pick them up.'' John Scurci, a New Jersey businessman who controls 8.76 percent of the company through shares owned by his family, said he has talked with the company about selling all or part of its business. ``There was a general agreement that they have got to examine their operations and options in light of this new environment,'' Scurci said