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Technology Stocks : Enterprise Informatics -- Ignore unavailable to you. Want to Upgrade?

To: SIer formerly known as Joe B. who wrote (3633)	5/14/1999 2:55:00 PM
From: jackhach	Read Replies (3) \| Respond to of 13797

Sler formerly known as Joe B., I as I understand it -- it was OTEX's desire to perform a due diligence review of ALTS books that actually started the whole unrravelling of ALTS in late 1997 thru early 1998. Believe it or not; Tanna (prepping ALTS for sales/transition)supposedly thought the books may have been a bit off -- but never thought them to be in the state that they proved to be in. Obviously, when the s*it hit the fan -- OTEX walked. This is why ALTS's insurer was willing to pay so much on the settlement. There was no clearcut indication of an intentional cover up. The situation has now changed considerably and the idea that OTEX might consider ALTS as a quickie, cheap buy with $175+ million to spend is not out of the realm of possibility. They could easily buy ALTS for $30 - $40 million and leave themselves plenty for another acquisition. Through ALTS they grab a bunch of seats (not even close to PC DOCS) for Livelink and get themselves a customer list that is well worth the discounted price. They could even attempt to gobble up this publicly-traded South African company in the same bite. -JH