Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: Scott Volmar who wrote (1992)	9/11/1997 10:46:00 AM
From: Alomex	of 9798

<< I'll probably be "duped" again, because I believe this action today is a re-setting of Corel's accounting methods to match "revenue recognition" closer to "revenue collection." This adjustment will make it easier to recognize "real" earnings, or "real" losses in the future. >> That's what they were supposed to be doing last quarter. They took a big hit then and if they had wanted to become "truer" in their reporting that was the time to write-off the channel. But they did not. IMHO this tells me that they were forced by slow sales to do this change, and it was totally unforseen. As I said, Corel has had plenty of time to "digest" Word Perfect and start churning out solid profits. They haven't so I'm out. You can stay here waiting until management clues in, or try to go and look for another company with solid management that will give you better returns....

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