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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (579)	12/15/1998 6:10:00 PM
From: robnhood	Read Replies (1) \| Respond to of 1571

Hi mike,, our guy said they were coming in at 68 cents,,,, right on with first call...

To: micromike who wrote (579)	12/15/1998 6:55:00 PM
From: Dale Geffrey	Read Replies (1) \| Respond to of 1571

Here's the report: -------------------------------------------------------------------------------- Related Quotes GAC.TO 42.25 +0.25 delayed 20 mins - disclaimer Tuesday December 15, 6:27 pm Eastern Time Company Press Release Geac Reports Fiscal Q2 1999 Results Part 1 of 2 MARKHAM, ONTARIO--Geac reports strong operating results for second quarter of fiscal year 1999. Revenues reached $194 million, up 22 percent over the $158.8 million of the same quarter last year. Net income is up 10 percent from $40.1 million ($0.67 pe r share) reported for the second quarter of fiscal 1998 to $44.0 million ($0.71 per share). Cash balances at quarter end exceed $185 million and Geac has an unused line of credit of approximately $100 million. For the first 6 months of this fiscal year, revenues totaled $367.5 million, a 21 percent increase over the $304.4 million achieved in the same period last year. Net income of $82.5 million ($1.34 per share) is up 16 percent over the $70.9 million ($1.20 per share) earned during the same period last year. During the quarter, Geac acquired Interealty Corp. of Virginia, U.S.A. With annual revenues of approximately $100 million, Interealty is a premier supplier of real estate information systems to the Multiple Listing Services (MLS) and various regional real estate boards in North America. Geac also acquired the remaining 75 percent interest in its former joint venture - Soluzioni Gestionali S.r.L. to create Geac Italia S.r.L - a 19 year exclusive distributor of Geac SmartEnterprise Solutions' cross industry administrative applications with approximately $8.0 million in annual revenue. Subsequent to the end of the quarter, Geac acquired Vancouver based TWG Technologies, Inc., Stowe Computing Australia Pty Ltd. and Stowe Computing NZ Limited. With annual revenue of $3 million, TWG Technologies will enhance Geac's Networks and Technical Services operations in western Canada. With annual revenues of approximately $10 million, Stowe Computing supplies some of the region's largest municipalities such as Melbourne, Sydney and Auckland, with municipal government and library management software. ''Geac continues to pursue its central strategy of growth through acquisitions. Unsettled economic conditions worldwide create more favorable acquisition opportunities for Geac, as reflected by the six acquisitions completed so far this fiscal year,'' said William Nelson, Chairman and CEO of Geac. Founded in 1971, Geac is a provider of mission critical enterprise applications, supplying industry specific software to ten vertical markets as well as cross industry administrative applications comprised of financial, human resources and materials management software. Headquartered in Markham, Canada, Geac has more than 90 offices in 16 countries and serves customers in more than 40 countries worldwide. Geac product and service information is available on the World Wide Web at geac.com, or through email at info@geac.com. Geac is a publicly traded company with its common shares listed on the Toronto Stock Exchange (Symbol: GAC). Dale