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Technology Stocks : Corel Corp.

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To: Vanni Resta who wrote (1523)	8/22/1997 11:09:00 AM
From: A. Hayer	of 9798

0.028 I assume thats based on fully diluted earnings ! Corel needs to come up with a net income of 1,983,632 dollars to meet the quarterly estimates. Corel's revenue targets are 100M per quarter. In Q1, Corel's net income was 1.024M with sales of 93.7M, and that was before the technology write-off ! If Q3 sales just make the 100M quarterly target, with a similar expense structure as Q1 and Q2, then certainly Q3 net income will be much higher than 1.9 million. The odds of beating the estimates are looking better each day. Unless of course we see a huge drop in revenues as in the case of Novell. Quarterly revenues fell to 90M compared to last years quarter of 365M. ah

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