Well, that kind of arrogance is even a worse sign. And your "this proved to be right" comment is way off base. Maybe it was too complex for Corel to explain well. (Or maybe they really don't know what they are doing. Does anyone here really understand what they are doing? It seems its always one day it's on, the next day it's off.)
You completely missed my point.
I said,
"The failure was not the ads, but the presentation of the Java strategy by management"
In other words, Corel did not do a good job of explaining.
I also said,
"There was an internal memo distrubted at Corel saying that the new
technology was to complex for journalists to understand and that 'loose lips can sink ships'. This proved to be right"
Thats right, the loose lips ended up being management themselves.
The people who do understand what Corel is doing are the analysts because since the announcement, there has not been any heavy selling under heavy volume. Some have even come out and said they support the new Java direction. The one downgrade from AG Edwards from accumlate to hold was because Jean Orr left Edwards and the new analysts covering Corel have yet to do their own analysis.
The journalists I know at places like the Wall Street Journal and the New York Times are some of the brightest people around. Not only that, they have access to the best minds around. So for Corel to think that somehow they would not be able to understand something as relatively simple as Java, just shows that the company is dangerously out of touch with the real world.
The journalists that took the time to research did do a good job,
Have a look for yourself:
corel.com
The other overnight journalists (ones who seem to get all the attention) did a really lousy job. For example, the Mercury News.
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