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Technology Stocks : Corel Corp.

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To: Scott Volmar who wrote (8864)	4/12/2000 2:25:00 PM
From: Dennis Nicks	Read Replies (2) of 9798

Scott, did you by chance listen to Corel's conference call for last quarter's earnings? It was very clearly said that revenues for the next 2 quarters would be similar to the last. What makes you think that you are in any better position to second guess this statement by management? Corel is burning $19 million in cash per quarter. They are selling their GraphOn shares as fast as they can (did you see another 50k was reported sold?). They just bought more money losing graphics products. Currently, Corel has enough capital and marketable securities to last another 2-3 quarters, TOPS! As for Corel's office in Sydney, Inprise has been successfully selling software in their SE Asia offices for years. It is one of their most profitable organizations and is also where much of the Inprise AppServer product was developed. Inprise/Borland has real presence in SE Asia. The Corel announcement is nothing but hype. I wish somebody could name one positive thing that Inprise/Borland shareholders get from this merger. Please don't rattle off something about a MSFT settlement bringing in billions of dollars. It will be a long time (if ever) before anybody but a lawyer sees any $$. Dennis

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