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

To: BM who wrote (62)2/21/1998 3:12:00 PM
From: BM  Respond to of 843
 
Cognicase is used by 3 of the top 4 IT services multinationals offering Y2K services in Canada. They include SHL Systemhouse (an MCI company), EDS Canada and DMR Consulting Group (Amdahl/Fujitsu). The exception is IBM.

This information is from the Financial Post magazine (March 1998) which provides their annual rankings of Canada's leading software and IT services companies.

Also worth noting is that CGI Group (ranked #1 Canadian professional services company in the survey) has a stake in Cognicase via its Bell Sygma subsidiary.



To: BM who wrote (62)2/23/1998 9:18:00 AM
From: Ducks  Read Replies (1) | Respond to of 843
 
I do not believe the $17.00 target mentioned in the article was a typo. The reason being is that when Cognicase was preparing for its IPO the price was going to be at least $12. But the view was that the markets were so bad that they then lowered the initial offering price twice to $4.75. So, given that, I do not see the $17.00 figure as being out of line.


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