I derive that notion from having tried to use Quattro Pro in a multiuser environment - the damned print preview doesn't even work properly. I mentioned this to a former Corel employee - the answer was 'oh yeah, it never has...'. Draw I have had fewer problems with. But Corel has always epitomized the 'ship then ignore' approach - at least MS is ship then fix.
Trust me, I would buy Corel Office for my company..if I hadn't already tried. I didn't always despise the company.
I agree that Corel may be in somewhat better shape from the outside, but the 'turnaround' still hasn't begun. By my guess, the cash runs out late September. Doesn't leave much time.
As for Linux revenues, I think it has a lot to do with Corel's reluctance to actually do Open Source, and the <ROD> fact that it is Debian Linux </ROD>...and my sense is that Debian is out of fashion. Corel has very little to offer to Linux where I use it - servers. It's just that simple. Even if you accept the debatable proposition that they have the best desktop implementation, that isn't going to matter in the next quarter, and that's where Corel's time horizon is.
Note that if Corel was still pulling $213M, they'd be OK. They will probably not clear $130M this year given eroding sales and the fact that revenues for 1 and 2Q were at $80M, with only $36M in Q2 - nothing has changed since then but the release of a few new products that are available for free..
I am not going to be caustic about it, but I just don't believe in technical analysis. This company has been beloved of day traders, but in the end the balloon is going to run out of air. Unless something drastic happens, that will be soon. We are 2 weeks away from the beginning of the 'profitable' 4th quarter - and there have been no significant developments other than mass resignations since June 8. The fundamentals will have their say, and soon. |
