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 : Jetform-FORM -- Ignore unavailable to you. Want to Upgrade?

To: rd who wrote (219)	3/7/1998 8:44:00 PM
From: LTK007	Read Replies (1) \| Respond to of 530

With OTEXF being also subject to a rumor that they would be making a major acquistion(WSJ this week),and with this report regards Jet-Form,what is the chances that this joining would be between OpenText and Jet-Form?max90

To: rd who wrote (219)	3/11/1998 11:08:00 PM
From: Arthur	Respond to of 530

"Reality Hooks Our Takeover Targets Our screen for merger candidates turned up companies with genuine potential, like JetForm. But most of the others are out to sea. By Aaron Task ......" ".................... The quarterly returns seem to confirm that JetForm has returned solidly to profitability. In this light, our top pick is JetForm, a developer of software that allows businesses to create and process electronic forms used on networks and the Internet. Although there appears to be no deal pending, there's plenty of potential for a transaction, and the company looks solid on its own merits. Several companies, including Investor publisher Microsoft (MSFT) and Xerox (XRX), as well as SAP (SAPHY) and other enterprise software firms, could potentially be interested in acquiring JetForm, according to Mary Beth Poggi, analyst at brokerage C.E. Unterberg Towbin. "I think JetForm is doing pretty well. The stock is too cheap and they recognize it," Poggi said. "I wouldn't be surprised if they're a candidate (for acquisition), but I'm not hearing anything along those lines. I think they feel they have a lot of opportunities they'd like to go after on their own." On March 4, the Ottawa-based company posted net income of 12 cents U.S. per share for its fiscal 1998 third quarter ending Jan. 31, an increase of 76% over results of a year ago. Revenues for the quarter were a record $19.6 million, and up 41% for the first nine months of the fiscal year. On March 6, JetForm's stock rose 17%, on triple its average volume, in part because of those stellar results. The stock has since risen further on the announcement of a licensing deal with Microsoft. The quarterly returns seem to confirm that JetForm has returned solidly to profitability after losing $4.62 per share in fiscal 1997. The 1997 results probably contributed to the stock sliding under $10 last June, but were skewed by large charges related to research-and-development spending as well as the repurchase of options held by Moore Corp., which owns 16% of JetForm. JetForm also boasts return on equity of 47.3% -- nearly 30 percentage points better than the average stock in its industry. The company's gross margins have totaled over 80% for the past 12-month and five-year periods, both well above results for its peer group. And the valuation isn't bad either: Its trailing four-quarter price-to-earnings multiple of 28 is well below its estimated 1998 growth rate of 45% and its estimated 1999 growth rate of 83%. ......................." investor.msn.com