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Technology Stocks : Open Text -- Ignore unavailable to you. Want to Upgrade?

To: Michael Pascoe who wrote (1145)	9/14/1999 3:14:00 PM
From: Skywatcher	Respond to of 1195

Open Text Slips On Revised Estimates By Susan Taylor OTTAWA (Reuters) - Software developer Open Text Corp. (Nasdaq:OTEX - news) took it on the chin Tuesday, sliding nearly 12.3 percent as it advised analysts to drop estimates for its first and second quarters. Stock in the Waterloo, Ont.-based firm slipped C$4.35 on the Toronto Stock Exchange in light trade to hit C$31. That sits between a high of $62 this year and a low point of C$16. On Nasdaq, the issue dropped $3- 3/16 to $20- 7/8. Chief Financial Officer Thomas Hearne said he is telling analysts to drop estimates for the first and second quarters from 2 cents to 4 cents due to impact of recent acquisitions. ''There'll be some short-term dilution that will help us long-term to better revenue and hopefully better earnings,'' he told Reuters. Open Text is buying Ottawa software developer Microstar Software Ltd. in a cash deal valued at between C$6.5 and C$7 million and Ottawa software firm PSSoftware Solutions Ltd. in a cash and stock deal valued at about C$5 million. The consensus estimate from five brokers polled by First Call/Thomson Financial for Open Text's first quarter was 15 cents before the downgrade. It is expected the results will be reported in the last week of October. The second-quarter consensus estimate was 24 cents. Open Text develops software that helps employees share and manage information. The stock has staged a weak performance in recent weeks, closing at C$37.45 one week ago, down from a recent high point of C$50.40 in mid-July. ''The company appears to be bursting into flames,'' said Duncan Stewart, fund manager at Tera Capital Corp. in Toronto. ''It's just getting killed.'' The company did announce Tuesday morning that it had struck a technology alliance with German software vendor SAP AG (NYSE:SAP - news) . NOT GOOD...however I think the long term is still ok. chris

To: Michael Pascoe who wrote (1145)	9/28/1999 11:25:00 AM
From: Skywatcher	Read Replies (1) \| Respond to of 1195

Lucent Technologies Uses Open Text's Livelink for Collaborative Document Management Telecommunications Leader Uses Livelink to Improve Knowledge Sharing CHICAGO--(BUSINESS WIRE)--Sept. 28, 1999--Open Text(TM) Corporation (NASDAQ:OTEX - news; TSE:OTC - news), the leading provider of collaborative knowledge management and corporate portal solutions, announced today that its flagship product, Livelink®, is being used by Lucent Technologies. With Livelink, Open Text provides a solution that enables workflow, collaboration, information retrieval and document and file management. With Livelink, users will be able to easily access and share information, and collaborate as members on project teams across the enterprise. ''This announcement further demonstrates that the world's leading telecommunications companies are using Livelink to reap the benefits of a collaborative strategy,'' said Les McNeill, Executive Vice President, Global Marketing, Open Text Corporation. ''Global 2000 companies everywhere continue to recognize the value of collaborative knowledge management to gain competitive advantage and accelerate innovation across the enterprise.'' Now THERE'S a big client still languishing in the low 20's tho chris