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Technology Stocks : Open Text

OTEX 34.28

-1.5%

Nov 13 3:59 PM EST

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To: David MacLachlan who wrote (485)	4/6/1997 12:48:00 AM
From: White Shoes	of 1195

I am just speaking off the top here... But in terms of dog & pony I think they have been touting away pretty well. I am observant and have noticed in the Globe and Mail (Toronto) NUMEROUS articles have touted Livelink and the company Open Text. They have appeared in advertising features, Financial Post Magazine, were selected as one of 10 tech stocks to watch in the Globe, etc. etc. I think it is just a matter of time before this very NEW business model sinks in with the analysts. I remember there was talk of meetings with analysts in the U.S. a couple of months ago. There's a limit to this hyping though, maybe the company knows sales will be picking up so they don't need to put a gloss on things. I imagine that Montgomery will wait 'til AFTER everything looks rosy (including a stock over $14) to really put a hype on. I heard awhile back that Montgomery has an "INDEX" called the hot 100 or something, top tech stocks which are 'small cap'. To qualify for 'small cap' you have to be over $200 million market cap. So maybe THEN, the hype will take off for OTEXF. I think late this calendar year. One reason they don't list on a Toronto exchange, I think, is the different accounting rules for such companies. From what I understand the earnings picture "looks" worse following acquisitions if you are a "Canadian" company. I recall they were initially listed on the TSE so Tyler that's another question: why not any more? The stock price sinking? Well for the uninitiated, during a correction, this epitomizes the "risky speculative tech stock" and due to this stereotype stocks like this get killed. Only fundamentals will clear up this little problem. If you believe in their growth and they come through then the earnings will take care of all this. In the meantime a little homework won't hurt!

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