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Technology Stocks : Open Text
OTEX 35.98-5.4%Nov 6 3:59 PM EST
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To: Skywatcher who wrote (806)5/12/1998 12:23:00 PM
From: White Shoes   of 1195
 
What I like about OTEXF is they've got just about all the growth they can handle for the foreseeable future. I am convinced that they would be doing other things (that really half-assed release of the Pinstripe site for example is an indicator that they have other venues they could be exploring) but remain focused on their core business for now. Good management.

When I look at the sheer volume of applications today in various databases which require the UNDERLYING TECHNOLOGY which OTEXF has, it seems to me they could be moving into other areas using the "really cool search technology" (Jenkins' expression) they have. From what I understand, the Open Text Index always had certain technological advantages over other search engines.

But...they aren't really pursuing these aggressively, from what I can tell. This all tells me that this is a buy and hold sort of company and that when the first part of the story has unfolded nicely after 5 years, there will be another part and another part after that.
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