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Technology Stocks : Corel Corp.
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To: micromike who wrote (8372)12/27/1999 11:16:00 PM
From: Kashish King  Read Replies (2) of 9798
 
Attention Suckers

This company is microscopic in terms of revenues and in terms of profits there are none. They ship products they acquired to makers of cheap PCs who can't afford the real thing from Microsoft. The CEO continually invents stories about future revenue potential from Network PCs to Linux office suites to Online Analytical Processing tools to you name it. He's a master at manipulating retail investors but generally only generates laughter among those aware of his tactics. He's the classic all-talk-no-action touter of his own stock: even going so far as to suggest a specific time frame for a substantial rise in price.

The Linux operating sytem is just the latest addition to his act. There has been a buzz in the industry for at least four years regarding that eight-year-old effort. Cowpland claims that Corel has the most Linux technology, yet they have little or nothing. Believe me, your pet monkey can have a Linux distribution and Corel doesn't even that. They use Debian's Linux, not surprisingly never mentioned in press releases. They ported the old Windows boat anchor of an office suite they inherited form Novell over to Linux where they will compete with free offerings from Sun's Star office suite.

Don't let yourself get sucked in. If Corel delivers, that's great but so far they have demonstrated that they are incapable of walking the walk. I can't imagine any scenario whereby they will be successful. I wonder if Corel's blaming of Sun for Corel's failure with Java is still something Sun will remember? I doubt it, this company isn't even a speck on Sun's radar screen. There are hundreds if not thousands of credible Linux companies out there, this ain't one of them.
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