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Technology Stocks : Open Text
OTEX 33.67-1.8%Nov 14 9:30 AM EST
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To: White Shoes who wrote (281)1/28/1997 6:06:00 PM
From: gutsy   of 1195
 
For the six months ended Dec31/96 they had 9.3mil in revenues. Open Text has 280 employees worldwide. That works out to $33,214 per employee just in salary. I know some of the top guys are making about $150,000US. I predict the stock will go down.

From my point of view the company is bleeding and has been for its entire existence. That is a definite trend, sure things look better, but the market will need a lot more to convince it to raise the stock price.

Hey, sorry. I could have made a lot more in Open Text than I did, but the possibility of losing has just become greater in my mind.

PS.I will have been gutsy enough to get out of a bad deal with my wallet in tact if indeed my predictions come true.
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