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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 (338)	2/6/1997 8:58:00 PM
From: Stephan Gregory Chase	of 1195

Geek, I haven't gotten an email from Mike Burry yet, but I got the straight story from Zacks. Montgomery hasn't touched their evaluation of Open Text. It remains a strong buy for them. Punk Ziegler (I'm not making this up.) did downgrade the stock from strong buy to buy. They told my Associate in no uncertain terms that they did not report that Montgomery downgraded the stock. Both firms expect a loss of about $0.90 this year and earnings in 1998. I'll get you the actual figures tomorrow. I, unfortunately, left them at the office. I don't know where Mike got the downgrade from Montgomery idea, because it's just not true. Stephan

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