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Technology Stocks : DOCS - A TURNAROUND PLAY -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (1092)	4/30/1999 12:27:00 AM
From: Sultan	Read Replies (1) \| Respond to of 1156

One of the director on the board for OTEX, is Sadler, of the GEAC fame. He built up GEAC by paying very low dollar for companies that had good revenue/maintenance stream and milking it for all it's worth. The thing is, he was managed to do this with companies that were private in a lot of cases. So here they are trying to do the low balling part. The fact that it is cash + more or less where the company is trading means it is a non-starter, unless they expect a bidding war and they will have to bump up the price. I don't see HUMC backing away at this price. I don't see institutions tendering to OTEX at this price either. If the bids do not improve from here, my vote will go to HUMC where I can see fair amount of upside where as OTEX had insulted the share holders two times.