IC article today about 10 companies with the potential to turn their penny share prices into pounds.....MXC is one of them....read a few of the past RNS's.....contracts with Vodafone, expected to win a global Vodafone contract....they have the ex.chairman of Cisco Systems UK at the helm etc...

Potential is vast but un-recognized.....

Not healthy to keep on rising without a pull back. The steeper the slope up - the higher the cliff to fall off

SO THE VULTERS HAVE BEEN TAKEING PROFITS WELL LET THEM JUMP SHIP AND DROWN OUR SHIP WILL STEAR US TOO POTS OF GOLD DONT FORGET THE BUYOUT IS ON FRI SO WATCH OURSHARES GO UP UP UP UP TE HEE

What buyout ?

yeah what buyout????

Come on Kevin you have got all our attention - W H A T B U Y O U T

Calm down folks the share has just risen in leaps and as with all large rises it it bound to pull back, with sharp rises it can pull back by large percentages, then regroup to break up. Unless there is any more major such as closing of any new major contracts with vodaphone, which IMO the speculation of this has driven the price. The next thing to look for wll be the interims. As for a buyout this must be a term kevin88889 uses to describe some price action. I can not find anything to do with an offer or even rumours, best ignored.Price will consolidate over the next few days and then new trading range will establish itself.

kevin is possibly referring to aquisition of Decorum Networks?? see Matrix recent news items.
best of luck

This morning 28th april,,,,

Hot off the press from FT Online, by chris flood, Michael Neill and Phillip Stafford

'Matrix Enters IT realm with a flourish'

Since announcing the name change in January and a new direction, Matrix Communications has been a very impressive performer.

It's shares have since raced up 535 percent to yesterdays close of 4.47p, attracting interest from big institutions including US fund State Street Advisors.

Daily trading volumes regularly top 30m, although it's 1.1bn shares in isssue is more than FTSE 100 companies.

Matrix was formed in January from a reverse takeover of Offshore Telecom. It immediately disposed of the loss- making telecoms arm and focussed on IT systems integration, reselling kit made by Foundry Networks, the main rival to US group Cisco. This week's acquisition of Decorum Networks, a voice over internet protocol company, added to it's network security intrinsic and the company now needs only a data storage deal to complete it's offering.

It has notched up an impressive client list, with Guardian Media, Vodaphone UK, the BAR Honda Formula 1 Team and the BBC all signed up. It also soldthe worlds first 40 gigabit network switch to the London Internet Exchange. There is also talk it may win a further deal with Vodaphome for 10 other Countries.

Owing to the changes, a valuation is presently difficult to call. Results on June 1 will give investors great clarity. House broker Daniel Stewart said Matrix has paid only five times pretax profits for it's acquisitions and used shares for the purchases, which indicated trust in it's management'.

END!

http://search.ft.com/search/article.html?id=040428001163&query=Matrix&vsc_appID

HI FOLKS OF COURSE I MEANT THE BYEING OF DECORUM THIS FRIDAY THIS SHARE IS A WINNER WISH U ALL GOOD FORTUNE

Is MXC expected to rise tomoz? or go down??


Thanks

i wish rise.

RISE RISE RISE ITS MESSING ABOUT BUT RISE IT WILL NO PROBS

HERE WE GO AT 1.45PM THERE WAS A 2MILLION BYE AT 4.45 FOLLOWED BY MOREGOOD BYE ATER A BAD MORNING OF SLOW TRADEING AND PRICE DOWN AT 4.30 AT ONE POINT LETS HOPE ITS UP UP AND AWAY

HERE WE GO AT 1.45PM THERE WAS A 2MILLION BYE AT 4.45 FOLLOWED BY MOREGOOD BYE ATER A BAD MORNING OF SLOW TRADEING AND PRICE DOWN AT 4.30 AT ONE POINT LETS HOPE ITS UP UP AND AWAY

KEV - Rather like New York - its so good you "Named it Twice".

WHAT IS GOING ON MANY MORE BUYS THAN SELLS AT ONE POINT AFTER 5 MILLION BUYS IN A ROW DOWN IT WENT SOMETHING IS NOT ALL IT SHOULD BE WHAT IS GWANNING?????????

KEVIN, In a sentence, the MM,s do not hold any shares and to be honest IMO they have managed this stock very well, long may their common sense prevail!

any good news?

Press Releases
MATRIX COMPLETES THIRD STAGE OF DEVELOPMENT WITH DECORUM
Submitter: Clarity Public Relations [View module: Clarity Public Relations]
Release Date: 30-04-2004
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Matrix Communications Group, the UKs fastest growing network communications integrator, has announced its acquisition of Decorum Networks (Decorum). Matrix will pay a total consideration of up to 2.26m subject to Decorum achieving 3m of turnover and 500,000 operating profit for the period 1st May 2004 to 30th April 2005.

Decorum provides specialist Voice over IP solutions for both private and public sector companies including the Guardian Newspaper, Swiss Life and City of London Police. The company offers large organisations a range of services that include IP telephony, convergence, computer telephony integration, call centre technology, unified messaging and additional data and telephony services.

With the acquisition of Decorum, Matrix has successfully completed the third stage of its strategy to build the UKs communications integrator of choice for leading edge technologies and to utilise the cross-selling opportunities that exist across its existing, largely blue chip, customer base.

Alan Watkins, Chairman of Matrix said: This is another substantial step forward for the Group and brings us to the final stages of becoming the UK's communications integrator of choice for leading edge technologies. Through our current offerings we have matured our commercial relationships with several of the UK's largest blue chip companies and I have every confidence in our ability to build the level of cross selling between our subsidiaries. Our award winning reputation for expertise, reliability and after sales support makes us the natural choice for our customers to provide further services as their needs grow. The acquisition of Decorum gives us the ability to provide high quality Voice over IP solutions and we intend to leverage our reputation and current relationships to quickly and aggressively penetrate a market estimated to be worth $5.7billion by 2008.

Following the completion of the acquisition, Neil Sturgess has joined the board of Matrix. Sturgess has 25 years experience within the IT and Voice market and prior to establishing Decorum held positions with Case Communications, Linx Communications and Rank Xerox International.

Watkins added: We have already proven our ability to continually extract cost synergies within the Group and I expect the performance of Decorum to benefit from this and other aspects of the management expertise now available to the company.

Notes about release:
Audited financials to 31 December 2003 show a combined annual turnover of 2.764m and an EBIT of 47,000. Audited financials for the period 1 January 2004 to 29 Feb 2004 show combined revenue of 435,919 and an EBIT of 7,563.

Net assets being acquired are (114,000). T his includes cash of 100,000 and deferred revenue of over 500,000. Decorum has recurring revenues of 1.6m. There are 368,000 of tax losses in Decorum that will be available to it within the Matrix Group.

These results are drawn up on accounting policies consistent with those of Matrix.

Matrix has paid an initial consideration of 1.195m, of which 695k was paid in cash and 500k in new ordinary shares in Matrix, (17,667,844 shares at 2.83p).
Application has been made for these shares to be admitted to AIM and this is expected to take place on 30th April 2004. Subject to the achievement of agreed performance targets, a further payment of 150k cash and 382.5k in shares may be made after 31st October 2004 and a final payment of 150k cash and 382.5k in shares after 30th April 2005. In order for the vendors to receive the full earn-out consideration, Decorum will need to achieve revenues of 3m and operating profits of 500k for the period 1st May 2004 to 30th April 2005. The vendors have agreed to retain any Matrix shares for a period of 12 months from the time of issue.

Neil Sturgess (aged 44) has joined the board of Matrix following completion of the acquisition. Neil has 25 years experience within the IT and Voice market and prior to establishing Decorum held positions with Case Communications, Linx Communications and Rank Xerox International.

About Matrix Communications Group:
The Matrix Group is the first large-scale integrator in the UK focused on delivering performance solutions for its customers. Matrix lead with the worlds leading technology manufacturers using a best of breed approach. To ensure Matrixs customers receive the purest form of expertise Matrix operate within defined technology verticals, these are IP Infrastructures, Security and Support Services.

Press Contact:
Gareth Moss, Clarity Public Relations
Tel: 0118 925 5975
Email: gareth.moss@claritypublicrelations.co.uk