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Technology Stocks : Corel Corp.

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To: A. Hayer who wrote (612)	6/13/1997 12:25:00 AM
From: Scott Volmar	of 9798

A.H., My take on the writedown announcement is that it is a "current-event" with delayed gratification. If Corel announces operating earnings around .20 on June 23rd, shows an increase in cash to around the 20 M you have predicted and reduced A/R relative to sales, then the write-down will be felt with a positive uptick on June 23rd and the subsequent trading days. Furthermore, if Suite 8 shows continued strong sales and the specialty suites start selling, my guess is that investors will gain confidence in July and August and buy early to cast their stones on the pyramid. I predict a steady climb to US $10 by the end of Q3. Communicate, Collaborate, Connect to the World! I like it! Up, Up, & Away! Scott

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