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

To: Luc Glinas who wrote (404)	5/24/1998 10:57:00 PM
From: BM	Respond to of 1673

Luc, the immediate future must focus on the assimilation of Bell Sygma into the CGI operations as well as re-orienting Bell Sygma's corporate culture to be as entrepreneurial as CGI's. CGI's past indicates a very thorough approach to planning and execution. I don't expect this challenge to be any different. As far as new opportunities go, there's still the bank mergers (which will require the type of expertise CGI has in spades), electronic commerce (which Bell seems to be getting into in a big way) and now further opportunities with global telecom companies. If you were thinking about the stock price, I have continually underestimated it so I won't start guessing now. But, as indicated earlier, short term movements are fairly immaterial to me as long as the long term growth story remains intact. I believe that the long term growth story will continue for the foreseeable future since the outsourcing market is wide open and ripe for consolidation. With BCE, Bell and Nortel as a partners, I believe that CGI's presence and impact will become even more formidable.