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Technology Stocks : Corel Corp.
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To: Alex Wulder who wrote (71)4/29/1997 4:43:00 PM
From: Alomex   of 9798
 
>>I don't think there is much further downside at this level<<

I'd disagree. I think the world is full of traders who cannot see farther that the closest quarter figures. When Corel comes out with a $100 million loss for the WP write off, people are going to sell it like crazy.

This will create a great buying opportunity. IMHO, Corel will be trading over $11 Cdn by year's end.

The reason? They are moving into maintenance mode, which means lower R&D and marketing expenditures with sustained revenues while cleaning up the books.

Alex
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