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Technology Stocks : Open Text

OTEX 33.09

+1.6%

Nov 21 9:30 AM EST

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To: Gary105 who wrote (34)	11/29/1996 1:27:00 PM
From: Tyler Lawton	of 1195

Another key to their success is the latest release of Livelink which is very close to a completed product. They have finally integrated their search engine with the document management software so users can search internal documents, intranets, and the internet from the same web page. Also, their web product has 95% of the capabilities of their wide client product which puts them way ahead of competitors like Documentum in the Intranet area. Performance is at least 5 times faster with a new three tier architecture. They are going to be showing their latest release at the Intranet conference in New York in mid December. I think they will get some very favorable publicity. These factors should lead to continued sales growth in 97. Plus, the number of employees is growing quite rapidly so they should be able to respond better to potential customers - a problem in the past.

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