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

To: LAURIE SELINE who wrote (932)	8/18/1998 10:52:00 AM
From: Alomex	Read Replies (1) \| Respond to of 1195

This company has two technologies. The Knowledge base side and the search engine side. Management is split between the two camps, with the knowledge base side feeling that the search engine "distracts" resources from the company. Now look at the valuations of Yahoo, of which OTEXF owned 5%, Mindspring (somewhere 10-20% at some point I think) and then Inktomi, which sells technology similar to what OpenText's search engine. A strategy of simply holding to the Yahoo and Mindspring shares would have beaten their (not unimpressive) results to date. If we add then the Inktomi valuation OpenText could have realistically had a stock price six times higher than it currently does. Now you would expect that type of figures to settle the long standing argument about staying on with the search engine product line. Surprisingly, the argument rages on...