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Technology Stocks : Open Text

OTEX 33.89

-1.1%

10:26 AM EST

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To: alan holman who wrote (406)	2/24/1997 12:03:00 PM
From: David MacLachlan	of 1195

A very nice early day move with lots of volume from the little guys. There may be a slight boost being provided from an article in Saturday's Financial Post relating to the tendency of emerging Canadian hi-tech companies to be acquired, that such acquisitions make sense to the founders, that the four most likely candidates are Open Text and PC Docs (I agree with these) and Istar and Hookup (two ISP's that are seeing their stock sink like proverbial rocks), and that at today's prices Open Text and PC Docs are not that expensive on an overall market cap basis. As a holder of both DXX and OTEXF I hope the article is correct!

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