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Technology Stocks : Corel Corp.

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To: james paterson who wrote (8313)	12/23/1999 8:35:00 AM
From: James P Shaw	of 9798

"This setback in the Windows market will encourage us even further to push hard into the enormous potential of Linux," chief executive Michael Cowpland said in a conference call with analysts and reporters. Today's Ottawa Citizen. This should be scaring the hell out of Corel investors. The Windows products should be a cash cow for the company. Maybe Dr. C is trying to run the company like RedHat and all the other 'e-hype' and 'Linux-hype' companies; run at a loss forever, and trade on 'potential'. History may be repeating itself here. He seems to be betting the farm on Linux much as he did with Java. We all know that he is betting the farm, but he shouldn't be telling the investment community at large. I would assume that this would have been the reason for the CFO to resign. It was most probably a business fundamentals disagreement with Dr. C which prompted his departure. I think someone should give Dr C an accounting and economics 101 course lecture. Ciao! Jim Shaw

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