Corel--$100 in 1998 Message Board

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Technology Stocks : Corel--$100 in 1998

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To: micromike who wrote (1830)	3/17/1997 10:08:00 PM
From: revbill	of 2329

Hi Mike, An excerpt from your post: >Sources say the Ottowa, Canada-based company plans to spin off its NC development along with its videoconferencing and networking technology groups. The move, expected to be announced tomorrow, will result in the creation of a wholly-owned subsidiary headed by Corel's current engineering vice president, Eid Eid. The sources said Corel plans to take the new company public within the next 12 to 18 months . About 70 to 90 people are expected to go with the new venture, comprising about 8 percent of the company, which will also take the lead in pushing Corel's NC strategy. < Any thoughts on how this will affect current shareholders? Will we get shares in the new company? Or as someone suggested earlier will they use the proceeds to buy back shares? Any other possibilities?

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