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Technology Stocks : Corel Corp.
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To: micromike who wrote (9399)6/21/2000 11:33:00 AM
From: opalapril  Read Replies (1) of 9798
 
Cowpland "subdued?" Uh-oh. Tip-off. The financing looks screwed. Corel's books probably don't look any better to Canaccord than they did to Imprise.

I don't see any way out for Corel short of a huge corporate welfare grant from the Government, which is highly unlikely since it is prosecuting Cowpland for his nefarious insider trading activities. At the present burn rate the company has maybe 5 weeks left until lights out. All the cost cutting in the world isn't going to take effect in time to extend that more than a couple of weeks. Maybe Cowpland could hold a quick garage sale for WP, but otherwise it looks like they're closing the doors. And what timing! Just before Cowpland goes into the dock he screws investors again, including some Canadian jurors.
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