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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Runner who wrote (10092)3/13/1998 10:02:00 AM
From: Risky Business  Read Replies (1) | Respond to of 13949
 
I like the acquisitions COGIF is making, Icotech and Hexagon are two IT firms which give Cognicase long life after y2k and more alibis for institutions to pick up shares. Im in, this stock is going to do the moonwalk. IMO

Homepages of acquired firms:

icotech.com
hexagon.ca

MONTREAL--(BUSINESS WIRE)--March 12, 1998--COGNICASE (TSE:COG. - news; NASDAQ:COGIF - news) COGNICASE Inc. announced today that it has been awarded several new important Year 2000 software compliance contracts by Bombardier Aerospace, 3M, Purolator, Provigo and Keystone Mercy Insurance.

The total value of these contracts is approximately Cdn$6,000,000. COGNICASE plans to complete the majority of the work associated with these projects before the end of 1998. COGNICASE and Icotech, its wholly owned subsidiary, also announced major software consulting solutions and services contracts with AAFC (Agriculture and Agri-Food Canada), Canadian National, Canam Manac Group, Department of National Defense of Canada, Hydro-Quebec, Laurentian Bank, National Bank of Canada and Videotron for an estimated value of Cdn$8,000,000.

''These contract awards confirm our strategy which consists in rapidly expanding our customer base and the range of our IT software solutions and consulting services. We are also pleased with the fact that several of these contracts were obtained after prior assignments. Our reputation for delivering projects of the highest standards have ensured customer loyalty, repeat sales and market recognition,'' said Ronald Brisebois, President and Chief Executive Officer of COGNICASE. ''With its factory-based software solutions and expanding network of branches, COGNICASE is able to service customers such as Bombardier, which have different sites around the world.''

COGNICASE, with its wholly owned subsidiaries Icotech and Hexagon, regrouping more than 800 people, is an integrated provider of value-added IT software solutions and consulting services, outsourcing business partnerships and software conversions/migrations, differentiated by its industry-leading toolsets, factory-based software development capabilities, certified processes and expertise.

regards,

risky