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Technology Stocks : Corel Corp.

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To: Sal Pugliese who wrote (6047)	1/20/1999 4:49:00 PM
From: 16bit	of 9798

10 Cents looks good, but . . . Revenue DOWN 3.8mm or 5.4% from previous quarter. COGS remains FLAT Advertising UP 4.1mm or 54.7% SG&A up slightly 787m R & D down 4.95mm or 29% BIG worry, Corel increased advertising by almost 55% yet sales go DOWN! Instead of putting the R&D savings (4.95mm)into advertising (4.1mm) they should have put it in the BOTTOM line. That 4 million was worth almost 6 cents a share. Don't you think 16 cents would have look a lot better than 10 cents? Byron

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