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Technology Stocks : Corel Corp.

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To: Guaranteed who wrote (6769)	6/18/1999 7:46:00 AM
From: A. Reader	Read Replies (2) of 9798

Corel shares soar 26% CEO's rosy prediction buoys stock to $6 By KEVIN BELL, Business Editor, Ottawa Sun COREL Corp. shares have skyrocketed after company chairman Michael Cowpland said the software firm will show "strong profitability" in its next quarterly results. But some observers are questioning Cowpland's judgment in strongly hinting that Corel could show strong profits less than a week before it reports its second-quarter results on Monday... "Everybody is attributing it to Michael's comments," he said. "It is unprecedented in my experience for a CEO to give comments on a company in a period normally considered as a quiet period."... canoe.com

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