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Technology Stocks : Corel Corp.
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To: Hawkmoon who wrote (9403)6/21/2000 10:51:00 PM
From: micromike  Read Replies (2) of 9798
 
Considering Corel is laying off the talent and their market shares is falling like a rock. What does Canaccord gain by putting the screws to Cowpland. Were would they get security from a software company.
The problem I see is that any investment company wouldn't invest if they figure they can't make money. Considering he has run the company into the ground and it looks like LINUX is smoke and mirrors. How do they expect to recoupe the investment even if they get a super good deal or boot him out.

My guess is that Canaccord is waiting for some numbers on this quarter to see if there is still life in this company. If Canaccord bails then my guess is that the numbers are ugly and Corel will be finished or bought out. If they get bought out, Cowpland still stands to make a few bucks from his shares so he still doesn't lose.

There is just no justice these days or is there.
Maybe the OSC will find him guilty then all us passive Canucks might do something stupid like a class action suit against him. I still remember my broker saying we don't class action in Canada. Then he even recommended Corel when Cowpland was hyping the LINUX. I had to explain to him that I wasn't happy with the way Cowpland operated but he just didn't get it. Now some granny he told to invest her pension in Corel when it was in the teens is losing her shirt. There is definitely something wrong with that picture. I still say the OSC is a useless organization which is suppose to prevent this kind of thing from happening.

Only in Canada this kind of crap can happen.

JMHO
Mike
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