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


To: Rob D. who wrote (702)3/5/1998 9:29:00 PM
From: dzzhang  Read Replies (1) | Respond to of 1195
 
A new (closing) high for the stock with 3x average volume in such a nasty day says a lot about OTEXF. It is a fairly safe bet the stock will run into its 20's in next few weeks before it hits $30, as suggested by the article you mentioned.

Good luck



To: Rob D. who wrote (702)3/8/1998 8:06:00 PM
From: Sans Souci  Read Replies (1) | Respond to of 1195
 
NEWS ARTICLE (Sat-Mar-7-98): *rumour*

The Globe & Mail

Open Text (OTEXF - Nasdaq)
$20.25 (U.S.), up $2.37

Geac Computer (GAC - TSE)
$60 (Canadian), up $1.60

Rumours of imminent acquisitions
helped propel both software stocks to
52-week highs yesterday, with Geac
hitting a record high. Geac is purported
to be kicking the tires on a
major acquisition that will rival its
$191.25-million (U.S.) purchase of a
Dun & Bradstreet unit in late 1996.
Open Text is also supposed to be dotting
i's on a takeover. Neither company has
made any public declaration of a pending
deal - but both have clearly stated they
are interested in acquisitions.