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

To: Sal Pugliese who wrote (767)	10/2/1998 7:49:00 PM
From: Sili Investor	Read Replies (2) \| Respond to of 1673

Sal, Comparing CGI share price against the US dollar has no bearing. If Canadian $ goes down, that has NO impact on P/E of a company that is Canadian and has their shares traded on both NYSE and Canadian markets. I think we all have to take a breather here. CGI is one of the largest and most successful IT OUTSOURCING companies in North America. CGI is NOT a software company. As Mr. Godin has said, whether the economy is good or bad, IT outsourcing is still going to happen. In fact, in my opinion, CGI is in better shape than most. Over 90% of its revenue is still generated in North America. It's in an industry where consolidation is still very much alive and CGI is a consolidator, with a good track record. AND, don't forget that when earnings are reported for the end of year, in my opinion, they will be surprisingly good. It only makes sense for BCE/Bell to give CGI good contracts and fair margins, probably in excess of the average margins CGI has received in the past. Price fluctuations in this market should be expected. Its the small, retail investors that seem to be selling, not the instituationals. If you have faith in a company, and there are no reasons to be leaving, and many reasons to stay, why fuss...enjoy the ride, its not over. Sili