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Technology Stocks : Corel Corp.
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To: micromike who wrote (33)4/24/1997 1:07:00 PM
From: A. Hayer   of 9798
 
I don't think there has been an official news release on Project 3000.

I received the news from my broker. They believe there would be a postive impact on the share price if there is a positive endorsement from Sun's Project 3000. My broker has also uprgraded Corel to a hold from a sell based on the current price depreciation.

I have also come to learn that Canaccord Capital is initiating coverage on Corel, and that a recommendation is forthcoming. They are in the process of developing a full earnings model based on estimates of future earnings growth.

ah
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