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Technology Stocks : Open Text

OTEX 33.67

-1.8%

Nov 14 9:30 AM EST

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To: Gary105 who wrote (253)	1/21/1997 2:07:00 PM
From: Michael Burry	of 1195

Open Text, Netsys Technology In Intranet Pact >OTEXF Dow Jones News Service ~ January 21, 1997 ~ 12:00 pm EST GOTHENBURG, Sweden (Dow Jones)--Open Text Corp. (OTEXF) said Netsys Technology Group, the systems integration subsidiary of Netcom Systems of Sweden, has signed a contract to bring Open Text's Livelink intranet applications suite to customers across Scandinavia. In a news release, Open Text said that, based upon Netsys Technology's estimates of its future sales, the agreement could be worth an estimated $8 million to $10 million in revenues to Open Text over five years. It said Netsys Technology becomes the exclusive partner for Livelink Intranet in Scandinavia, both for corporate intranet installations and for providing Livelink Intranet services to small and mid-sized businesses through Netsys' Value-add Intranet Service Provider offering. Open Text is a Canadian intranet applications company. Netcom Systems is a telecommunications provider. (END) DOW JONES NEWS 01-21-97 11:59 AM ************ Well, here's an actual revenue projection-- a rarity. Good luck all. Mike

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