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Technology Stocks : Corel Corp.

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To: tom pope who wrote (1326)8/14/1997 3:32:00 PM
From: A. Hayer   of 9798
 
I think its actually good that analysts predictions are on the low side. That gives Corel a decent chance at beating estimates and avoiding negative surprises.

The low estimates are also in-line with the recommendations that analysts currently have on Corel (excluding RBC Dominion). Most of the analysts rate Corel as a hold or a sell (a major reason for the resistance at US6.5 or C9.00).

Not too many analysts are willing to stick their necks out on Corel yet (they got burned in late '95 and in '96), but now the sentiment may change soon. The recent days of heavy volume may be an indicator that analysts upgrades may be on the way.

I'll stick with my prediction of 0.16 for Q3.

techstocks.com

As for the technology write-down, recall the following.

techstocks.com
techstocks.com

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