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To: kendall harmon who wrote (34292)	4/16/1999 8:27:00 AM
From: Warner Buffett	Respond to of 120523

Globe says CryptoLogic applies for Nasdaq listing CryptoLogic Inc CRY Shares issued 8,479,945 1999-04-15 close $26.05 Friday Apr 16 1999 The Globe and Mail reports in its Friday, April 16, edition that CryptoLogic's stock leaped 21 per cent yesterday after the licensor of Internet gambling software announced plans to try to grab the attention of United States investors through a listing on the Nasdaq Stock Market. The Globe's Tyler Hamilton writes that CryptoLogic says its stock is undervalued and needs broader exposure in the U.S. market to help boost shareholder value. The announcement spurred the interest of investors, who pushed CryptoLogic's shares up $4.55 to $26.05 on the Toronto Stock Exchange, just shy of its 52-week high of $26.40. CryptoLogic says it doesn't make sense for a company to trade at less than 10 times earnings when most Internet plays lose money and those that show a profit typically trade at more than 100 times earnings. Yahoo and America Online, for example, both trade at 600 time earnings. A California marketing firm estimates that by 2004, Internet gambling and related software sales will create a market worth $7.4-billion (U.S.).