If I had a bit of cash I would probably buy a basket of what I consider to be "information distribution" (come up with your own term) stocks...I mean products which work with words, ideas, etc. etc. There is a lot of behind the scenes software needed to maintain compatibility, share information, view file formats, translate documents, etc. When the whole world is 'going online', someone is going to benefit.
You couldn't go too far wrong buying a basket of stocks like INSO, OTEXF, Documentum, and Jetform. I don't have the terminology exactly right here but if you don't overpay for these stocks you are latching onto something with a lot of legs. Inso is a great example. Higher profile companies like Yahoo, Netscape, Microsoft, etc. are going to need somebody to produce Spell Checkers, Translators, and that whole class of "word-related" software. And since systems, protocols, and platforms keep changing, companies who are experts in helping other companies migrate from one system to another and communicating across a variety of systems/platforms, are never going to have enough work. You can see it in the revenues. I believe that OTEXF has a great market and will keep growing and growing. They seem to have very strong management, and they seem to understand not only marketing but the importance of first to market and SIZE. An acquisition is probably a good idea.
Search engines are fun but Open Text is going after a totally different market. Smart move, you want to be the industry leader in this business, not #4.
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