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Technology Stocks : Open Text

OTEX 34.56

-3.9%

Nov 7 9:30 AM EST

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To: Walk Softly who wrote (792)	5/1/1998 10:33:00 AM
From: James Joyce	Read Replies (1) of 1195

Absolutly solid fundamentals with repeated demonstrated ability to meet plan. Notwithstanding... the market "buys on rumours and sells on news". With such a high PE OTEXF can fall fast and far in short time but the basics are so strong it recovers easily also. Look for continued volatility and growth which matches the earnings growth. Important to watch the ongoing growth in book to bill ratio. Overall the solid basics make it a buy for the twelvemonth period. James

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