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Technology Stocks : Open Text
OTEX 33.67-1.8%Nov 14 9:30 AM EST

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To: Stephan Gregory Chase who wrote (340)2/6/1997 11:49:00 PM
From: Michael Burry   of 1195
 
Stephan,

There is a lot of misinformation around.
You posted:

<<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.>>

I got this from Zacks Analyst Watch at their website:

MONTGOMERY SECURITIES 02/03/97 BUY
PUNK ZIEGEL 01/29/97 BUY

And as I posted in my previous note, I got E-mail from Zacks on the
30th that Punk Ziegel reiterated a strong buy on the 29th.

I am glad this was brought up, because I never doubted the content
of my information from Zacks before this. Evidently, Zacks can't even
get the story straight within itself.

Mike
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