Research in Motion, once hailed as Canada’s one true technology god, has long dominated our tech conversations.
Yet lately our tone has changed, and so have our attitudes. A few years ago, no one wanted to hear about another tech company, whereas today Open Text, another Waterloo, Ont., sensation, is getting some buzz
Make no mistake, Open Text has been around for a while. It’s just that the company is finally getting the attention it deserves. Open Text has put up 30 per cent annual earnings growth for the past five years, and that performance is getting noticed by investors who are less and less preoccupied with RIM.
...Mr. Tse is extremely bullish on the stock, and most of his peers are too. Their commentary is particularly important right now because the company reports earnings after the market closes on Wednesday
, and most people expect the growth story to continue. That’s because both its partners and comparable companies are still growing. SAP pre-announced strong third quarter revenue, and IBM’s software revenue grew by 8 per cent year over year...