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Technology Stocks : Open Text
OTEX 37.87-0.7%Oct 30 3:59 PM EDT
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To: LAURIE SELINE who wrote (1153)10/31/1999 1:36:00 AM
From: Michael Watkins  Read Replies (1) of 1195
 
Laurie,

Since you always gave me a hard time when I was critical of OTEX... it remains in character for me to suggest that them sitting on cash is no guarantee of rapid or certain stock price appreciation.

Seems to me DOCS was sitting on a lot of cash and Canadian fund managers were a bit po'd at them.

I have to imagine that a few fundies are not so happy with them these days. The results stank. They were not simply as a result of Y2K.

Perhaps organic growth is something they need to try harder to do?

regards
Michael
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