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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Analog Kid who wrote (57)	2/7/1998 10:54:00 AM
From: BM	Read Replies (1) \| Respond to of 843

Cognicase up 42% this week; analyst's projections Here's an extract from Market Movers in today's Globe & Mail Cognicase (COG--TSE) $25.75, up $2.70 [Note, it also trades on Nasdaq as COGIF - closed at $18 yesterday] As the new century draws ever closer, the millennium bug is on more and more people's minds. And that makes for an ideal environment for a company like Cognicase. Cognicase does software conversions for Year 2000 compliance. Just last week, the company announced a $1.6-million (U.S.) contract to modify software used by Purolator Courier -- the latest in a string of contracts with high-profile corporations. Also this past week, the company reported that its first-quarter profit soared to 16 cents a share from break even. Then yesterday, Groome Capital Advisory Inc. analyst Michael Deighton was quoted by the Dow Jones news service as saying the shares could climb to $23.50 over the next 18 months on the Nasdaq Stock Market, up from the initial public offering last October of $12.50. The shares ~ closed yesterday at $18 on Nasdaq, - having gained $2.12 on the day.