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Technology Stocks : Corel Corp.
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To: DJ Oglesby who wrote (8148)12/16/1999 7:29:00 PM
From: saket chadda  Read Replies (4) of 9798
 
DJ,

Linux or not, the CEO does not sound very straight.
He was interveiwed on CNBC 2-3 days ago. He was
asked about the % of his business coming from
Linux. He skirted the issue and the interveiwer
suggested that the % of revenue for Corl coming
from Linux was less than 2%. Also, I was shocked
to learn that the CEO was under investigation for
selling his stock on insider information. The CEO's
answer to this question was also that that was when
the stock was at $5 (Implying that inser information
selling is OK if later the stock quadruples). Just
imagine the CEO selling on inside info at $5 and
then hypes the stock as a pure linux play. The CEO
being under investigation for insider trading and
the CFO resigning during this time. I don't want to
say it in so many words but a crook ceo creating
fraud comes to mind. Below is what the brokers have
to say about the stock. The Nasdaq goes up by
90 points and Corl move $1.

Yes I have shorted the stock. It may go up under hype,
but guess what, it is coming down down down.

If you are long, I can suggest some better stocks
to go long.

From Yahoo research
-------------------------------
Number of brokers
recommending as:
--------------------------------------------------------------------------------

Strong Buy 0
Moderate Buy 0
Hold 1
Moderate Sell 0
Strong Sell 1
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------

This Week 4.00
Last Week 4.00
Change 0.0

--------------------------------------------------------------------------------

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