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Technology Stocks : Open Text

OTEX 38.03

+2.2%

Nov 5 3:59 PM EST

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To: Skywatcher who wrote (865)	6/19/1998 1:25:00 PM
From: James Joyce	Read Replies (1) of 1195

Stock price is up over 50% over the past months. A 50+% growth is very attractive. The short term drop from 52 week highs is not unexpected, particularly in light of the lack of real bottom line yet to be shown. The fundamentals are good - good team, good product (best of breed), good financial control, and leadership market position. Unknowns are impact of acquisitions on bottom line and ability to remain a key element of needed infrastructure. As a believer I am long on OTEXF. The analysts meetings should give a good indication of potential. The current lack of volume indicates that there is little interest or following of the company by the analysts. If they come away from the sessions convinced of company fundamentals and real revenue growth they will begin to follow the company and perhaps stimulate volume (either buy side or sell side). James James

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