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Technology Stocks : Corel Corp.
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To: rob who wrote (1942)9/10/1997 10:32:00 AM
From: Vanni Resta   of 9798
 
Cowpland "received and shipped orders for $96 million US, and recognized revenue for reporting purposes of $54 million."

Then he stuck a feather in his hat and called it macaroni.

Well it was clear all along that his speech in DC had nothing to do with yesterday's volume. Cowpland already established himself as a poor communicator (witness his USA Today ads and the java confusion), so there is no way one would rationally expect a speech of his to generate $3 million in stock sales.

And yet once agian, we are left in the dark, with this press release. Why only $54 million? And what does it mean that the cash position is the same? Who shot JR? Owning this stock is better than TV, American or otherwise. But then again, that ain't much of a comparison.

Somebody knows the answers to these questions and will trade accordingly this morning. But not us. The arrogance towards shareholders is amazing.

Happy Investing!

Vanni
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