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Technology Stocks : Corel Corp.
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To: Kashish King who wrote (9329)6/15/2000 12:47:00 PM
From: Daniel Chisholm   of 9798
 
Like I said, they dumped it cheap: Novell paid billions for it.

Well, I guess I stand corrected.

Quite a food chain, eh? Novell pays billions, sells it to Corel for about half a billion. Now Corel will either take it with them to their grave, or perhaps sell it off to someone else.

What's it worth? I guesstimate $50M as a maximum generous amount that a rational buyer might pay (though I also entertain the idea that it might also be unmarketable and worthless). If anyone else has some good guesses as to what it might be worth, please speak up!

So Corel will have shepherded an asset they paid $450M for into one that they recover somewhere from zero to fifty million. Nothing necessarily wrong wrong an asset depreciating, but I wonder about the net cash flow they have extracted from the product since they purchased it?

- Daniel
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