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Technology Stocks : DOCS - A TURNAROUND PLAY
DOCS 41.41+2.8%12:21 PM EST

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To: David MacLachlan who wrote (1123)5/13/1999 4:41:00 PM
From: Michael Watkins  Read Replies (1) of 1156
 
David,

I am not knowledgeable about securities law. I assume that everything done is above board from a purely legal standpoint.

- Should shareholders be enraged, possibly.
- Do I think that OTEX would have bettered the bid, no.
- Do I think that OTEX would ply every, legal, trick in the book to obtain the assets at the lowest possible cost to themselves -- yes.
- Do I think it possible that shareholders would have been treated worse (by the ultimate measure - price) by OTEX -- absolutely.

Perhaps I'm a little naive but it seems to me that OTEX set the tone for the proceedings from day one.

Michael
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