Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: Mr. Bean who wrote (2539)	9/25/1997 2:53:00 PM
From: Vanni Resta	of 9798

News report. Like I have been saying, $3 by Halloween!!! Brokerage Midland Walwyn said on Thursday it cut its rating on shares of Corel Corp to sell from reduce. -- The 52-week share price forecast was dropped to US$3 from US$4. -- The Ottawa-based software maker reported on Wednesday that it lost US$0.47 a share in the third quarter ended August 31, versus a year earlier loss of US$0.05 a share. -- Corel said its fourth-quarter results would be "materially less" than analysts' estimates. It forecast a net loss of US$15 million to US$20 million or US$0.22 to US$0.30 a share. -- Shares fell 1.35 to 5.45 in Toronto and 0.98 to 3.97 on Nasdaq. Copyright 1997, Reuters News Service Happy Investing! Woof, man!

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