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Technology Stocks : Corel Corp.

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To: zax who wrote (8832)4/8/2000 12:16:00 PM
From: Kashish King  Read Replies (1) of 9798
 
Corel is a small-to-tiny software company and it behooves investors to stop and look at their actual sales and, more importantly, the lack of growth. Furthermore, there is no professional services organization other than phone-based or net-based customer support. So why has Corel decided to remake the same mistakes that brought down many companies who didn't understand technology? That is, who opened up more regional offices rather than shutting them down and going virtual. This is another example of a tiny, straw grasping, software shinkwrapper trying to puff itself up. It's this strange big-company envy that Corel can't seem to shake. It's almost as though they don't think investors are going to look at the numbers for the past 5 years or more.

The failure of Corel's too-little-too-late Linux bandwagon jump is going to be the last straw for investors. This is going to be added to the Network computer and Java Office suite. Like those products, the Linux space is crowded with well-funded start-ups and seasoned companies. Corel never executes, they just jump up and down and shout like the incredibly shrinking, almost invisible company they are.

Motivation

BTW, having watched tiny, minuscule Corel talk big over the years, I think it's about time somebody called them on it. After watching them jump on bandwagons after they're already full, I felt compelled to comment. Folks, when you start hearing about a technology in the public it's already firmly established with many players. That's the case with Linux. I don't like the idea that Corel is trying to pull the wool over investors' eyes by slapping a sticker on the Debian Linux distribution that says Corel. Well, they did write a few utilities but mostly they stripped it down as anybody can do if they so choose. IMO (this is all IMO of course) the company is a farce fueled by a trickle of washed-up 80's bloatware sales.
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