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Technology Stocks : Corel Corp.
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To: A. Reader who wrote (7607)10/20/1999 7:37:00 AM
From: A. Reader  Read Replies (1) of 9798
 
Corel's credibility takes a blow
...With talk that the company was moving towards profitability, there was hope Corel was at last restoring its credibility among investors, damaged after a stretch of broken promises.

Now, however, "(the charges) will hurt (Corel's) credibility with the street, until Dr. Cowpland clears his name," Mr. Stewart said.

Sherry Cooper, economist with the investment firm NesbittBurns, said the charges against Mr. Cowpland were "clearly not positive for (Corel) stock. It's too bad, because Corel stock had actually been recovering."

Any impact on the stock would likely be short-term, she added...
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