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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?

To: The Coz who wrote (376)	5/13/1998 1:26:00 PM
From: Jean-Robert Grenier	Read Replies (1) \| Respond to of 1673

Hi The Coz I don't follow you: a) if CGI buys an US Company, CGI will pay it with is own stock and not with the stock that BCE owns in CGI so, why the % of ownership of BCE would change in CGI ? b) I don't see any reason why BCE would increase is % of ownership in CGI if they don't want to take the control in a near future. Au revoir J-R

To: The Coz who wrote (376)	5/14/1998 1:00:00 PM
From: BM	Respond to of 1673

Coz, what's your take on Bell Sygma's holdings of Cognicase? As you know, CGI will now own Bell Sygma, who in turn has a stake in Cognicase. But CGI partners with Informission (a Cognicase competitor) for Y2K re-engineering services. Also, BCE is selling C&W in the UK to consolidate funds for Canadian expansion. Here's some info that had been posted on the Cognicase thread in February. To: BM (51 ) From: md Tuesday, Feb 24 1998 2:09PM ET Reply # of 329 The recent acquisition announcement by CGI for Bell Sygma does not include all the assets of the Bell Sygma unit. Bell Sygma will remain as a shell and retain the ownership stake in Cognicase. This does not mean that CGI will be making additional use of the COGNICASE tool. CGI stopped using COGNICASE when COGIF partnered with DMR, a competitor of CGI.