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Technology Stocks : Corel Corp.

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To: A. Reader who wrote (7851)	11/30/1999 7:03:00 AM
From: A. Reader	of 9798

Corel surges then gives back ground on TSE Shares of software developer Corel Corp. surged on the Toronto Stock Exchange on Monday as investors speculated the company could be the subject of a takeover bid by a rising American software company Red Hat Inc... ...Tom Caldwell, a Bay Street funds manager, said it makes sense for Canadian companies such as Corel and Newbridge Networks, which face "monster markets and very tough competitors" to seek out partnerships and alliances with bigger U.S. players. "There's probably some fire to that smoke (about Red Hat) but we'll have to wait a little bit," said Caldwell, president of Caldwell Securities.... southam.com

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