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Technology Stocks : Corel Corp.
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To: Alomex who wrote (9564)9/6/2000 4:17:10 PM
From: Picanoc   of 9798
 
Actually, Alomex, it did not report cuts of $40M - these layoffs are part of the same plan that saw the June 8 layoffs. The headlines have been misleading in that regard. $11M of the the $40M was cut in June, these layoffs account for $4-$6M of that $40M. With attrition, it is supposed to add to $18M. The remaining $22M are to come from administrative, sales, and advertising costs.

On the other hand, when was the last time that an analyst had something this positive to say about Corel:

Stewart added. ``It's actually a positive,'' he said. ``Corel is behaving like a good, normal company.''

Cowpland should have left a long time ago.
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