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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: lib who wrote (1416)	4/29/1999 11:30:00 AM
From: Moneysmith	Read Replies (1) \| Respond to of 3896

RTQ 9.80 6 million+shs

To: lib who wrote (1416)	4/29/1999 11:42:00 AM
From: Peeler	Read Replies (1) \| Respond to of 3896

Why coming up ! MCF reporting profits of 30 mil. with a "great quarterly report" coming up

To: lib who wrote (1416)	4/29/1999 9:41:00 PM
From: lib	Read Replies (2) \| Respond to of 3896

To continue on with a comparison between MCF and RAZF, I think you all might have read this earlier, but it's definitely worth repeating. Razorfish's business is quite similar to Microforum's, analysts say. But its market capitalization far exceeds that of Microforum. At yesterday's close, Razorfish, which has about 24 million issued shares, is worth about $1.1-billion (U.S.). Yet its annual revenue is around $30-million. Microforum is thought to have had revenue of about $30-million (Canadian) in the year ended February, yet its market cap, even after yesterday's runup is just $165-million. Or put another way, Razorfish is trading at 32 times sales while Microforum is just six times. "Canadian companies are usually discounted, but not that much," said David Wong, who follows Microforum for Canaccord Capital Corp. He thinks the market is waking up to the fact that Microforum is an undervalued E-commerce company, thanks in part to the company's presentations to the Internet and Electronic Commerce Exposition in New York. E-commerce specialists are the main group attending the exposition. "They have had the opportunity to tell their story down in New York," he said. ---------------------------------------------------------------------- Someone mentioned earlier that David Wong is changing his year-end target and will be posting soon. The rumors are beginning to abound over the internet now that MCF is of course, what else, being taken over. I suppose when those rumors get more specific as they eventually always do, the name Microsoft might be mentioned. Now I wonder what that might do to the stock price when you get a large conglomerate of investors actually believing that. I suppose you couldn't exactly rule it out either.