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Technology Stocks : Open Text
OTEX 34.56-3.9%Nov 7 9:30 AM EST

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To: Mike Farrar who wrote (787)4/30/1998 10:11:00 PM
From: Walk Softly   of 1195
 
Jeff... you sure could be right... at first glance... tomarrow we'll find out what expectations "really" were... some other factors the market will consider... accelerating revenue growth... last 3 quarters 90% 87% 93%.... on a "basic" eps basis... earnings were in line... there may be some disagreement regarding shares outstanding here... finding 2 analysts in agreement on shares outstanding is a trick... as I pointed out before... OTEXF is significantly undervalued based upon its brethren... getting a handle on #s is very difficult in this sector.... Analysts cut the other search engines MAJOR slack in their estimates.... you could have driven a Mac truck through those estimates and still looked good.... On the downside... were looking at Friday when most traders are packing for the weekend..... One thing I can state with certainty... this quarter is going to make believers out of many skeptics and NO one is going to be issuing any downgrades based upon what can only be observed as a great quarter... in fact, I believe OTEXF will pick up new "Strong Buy" ratings over the next quarter.... they have a Unique and Significant niche and No competition... my first rec was 7ish last spring on the *P BBs.... so far we have a 3 bagger...

Craig

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