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Technology Stocks : Open Text

OTEX 34.56

-3.9%

Nov 7 9:30 AM EST

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To: BACRDI who wrote (730)	3/13/1998 6:31:00 PM
From: dzzhang	Read Replies (1) of 1195

INCORRECT Price reported by DJN results in a price drop in the last minute of the trading. DJN put a headline news with incorrect warrant price of $20 (instead of $20.85) could be the main reason for the price drop at the last minute trading of the stock. When the incorrect DJN headline news hit the wire at around 3:14e, OTEXF was trading at $20.75-$21, the incorrect warrant price of $20 (appr. $1 lower than what was trading then) apparent had a negative effect for the stock. After market close, DJN corrects itself with a full story which states the special warrant was priced at US$20.85, instead of US$20 dollars. Those who sold with this incorrect information paid a price.

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