To: Ariella who wrote (3541 ) 8/13/1998 7:28:00 PM From: Bill Fortune III Read Replies (1) | Respond to of 15313
Good evening Ariella, your Post 3541 Message 5490833 lead me to a much better understanding of just what the possible prognosis for FNTN really is. Yes there are many similarities with a great many differences as you pointed out. The main thing that leaped out at me as I was reading one of the news releases provided in you post via a link, was that Open Text Corp talked about:  Annual revenue growth of 100 percent  Annual Gross Profit growth of 138 percent  Positive Net Income, excluding one-time charges  Derived 50% of revenue from existing customers  Increased worldwide install base to 2.5 million users from 240,000  New customers in the fiscal year included John Hancock, ISO, Newbridge Networks, Nissan, Nationsbanc, Steelcase, and many others  Existing customers contributing to revenue in the year included Ford Motor Company [NYSE:F - news], United Airlines, Motorola, Swiss Bank, Union Bank of Switzerland, GTE, and many others  New strategic partnerships with Adobe, Hewlett-Packard and Unisys and continued strategic partnerships with Netsys, Siemens-Nixdorf, Microsoft, Netscape, and many others  International Data Corporation (IDC) report placed Open Text in the market leadership position in worldwide enterprise document management with 42.7% of the installed base of users and 48.5% of the growth in new users  Delphi Consulting Group recognized Open Text for the second year in a row as the growth leader in market development for electronic document management  Expanded our product offerings with the addition of the OnTime and BASIS product lines to our flagship product Livelink  Computer Reseller News awarded Livelink the Editors' Choice Award for document management based on technical merit and a well crafted channel program AND THEY LIKE FNTN HAVE NOT EVEN SEEN THE TIP OF THE POTENTIAL MONEY ICEBERG. The numbers and figures they point out are impressive to say the least but in my opinion are really microscopic in scope when placed in comparison to the whole pie. As you noted too recent softness in DCTM (http://quote.yahoo.com/q?s=DCTM&d=2b Down from about $46 just five days ago), another intranet leader. The recent backup in share price in FNTN is not abnormal for the industry. I could not agree with you more. I hope anyone with concerns as to the potential for FNTN takes time to look at the information you pointed out and analyze just what the future could be holding for Financial Intranet, Inc. The $60,000,000 that was talked about in earlier posts will only be a drop in the bucket. Thanks for the great DD information. I would hope the great majority of this thread would be bold enough to ask questions of you if they are not sure of this all means. Best regards, Bill Fortune III