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Technology Stocks : Open Text
OTEX 38.35+1.2%Oct 31 9:30 AM EST

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To: PeakClimber who wrote (1020)1/28/1999 12:59:00 PM
From: Jim Revell  Read Replies (1) of 1195
 
Perhaps the shorts agree with you ! Merrill Lynch just reiterated its Buy (Bloomberg) with a twelve month target of 31(US). The long term rating is accumulate. It is unfortunate that the negative report on accounting issues came out last week but as another poster on YAHOO advised this is one of the challenges that successful companies must take on - ie being able to respond to questions of that nature.

Once the time has past focus will be on:

(a) Profits are there;
(b) Client acceptance-- look who they have signed up;
(c) Market growth for industry.

I have held this stock since its IPO and never sold. Not selling today and view it as a buying opportunity.

Regards

Jim Revell
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