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Technology Stocks : Open Text

OTEX 33.67

-1.8%

Nov 14 9:30 AM EST

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To: alan holman who wrote (308)	2/1/1997 11:52:00 AM
From: Gary105	of 1195

Alan - when I purchased several thousand shares at around $8 not too long ago I thought there was a real possibility of seeing the upper teens later this year. After the revised FY98 estimate, I no longer think so. The 20's will be a long time imo. The fact that I purchase it not too long ago was a decision on my part that I considered it an excellent investment. I do not believe there's much downside. I think they have excellent software. But the upside will take longer. I'm re-evaluating my stake.

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