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Technology Stocks : Corel Corp.

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To: Mr. Bean who wrote (2343)9/19/1997 5:52:00 PM
From: bcoch   of 9798
 
Big volume both sides of the border today with not much change by the end of the day. In conversation with one of my Brokers today, Midland/Walwyn (mid size Cdn Broker) was a big buyer today, picking up board lots of all sizes for most of the day. According to him, looking at the recorded sales of the day, Midland was very prominent as a buyer. A further comment was that this stock could go as as low as $4.50 to $5.00 Cdn unless something positive comes out of this 4th Q.
It would seem that the feeling is Corel will stay within 50 cents + /- of $7.00 for this quarter and if they disappoint again, look out below. The thought being this is their make or break quarter. Can a company of this size with only $ 20 Million in the bank survive. As we all know high tech companies have a tremendous need for cash to survive. Will $ 20 million be enough??????
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