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Technology Stocks : Corel Corp.

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To: micromike who wrote (601)	6/11/1997 9:33:00 PM
From: micromike	of 9798

Here is another article and the highlights about Corel to take $114 million charge in Q2 www5.zdnet.com "Most people will look beyond this because it's a nonrecurring [charge]. It better reflects what we are doing here financially," he said. The effect after the second quarter will probably be a increase of between 8 and 10 cents a share, he added. Corel originally planned to amortize the acquisition over three to five years, Hladkowicz said. "We expect that to be fully Java in three years," he said. "What we expect is that Suite 8 and potentially Office for Java will contribute more [to revenues than the original version] before the end of the five-year period." It's going to be a long wait by the sounds of it. Go Java GO

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