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Technology Stocks : Corel - Investors with no Humor
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To: micromike who wrote (91)9/25/1997 12:41:00 PM
From: micromike   of 1094
 
Well I guess I'm going to have to resign as head cheerleader. Going to miss Sunday morning MS Bashing.

Sold my postition in COS $5.9 lost $6.8 a share. OUCH! that hurts. Picking up somemore Sunw with it.

Here is my reasoning.

1. Corel's heavy advertising plus great reviews poor sales. Is it that VHS Beta argument or what? Don't tell me it's poor ads. Software sells by word of mouth. They should cut more than 10 mil from ad budget.They must know the ads are a waste of money. It's not working.

2. I was counting on software sales to support NC development. I haven't heard that Corel is cutting CCC which they should have done due to poor software sales.

3. 3 Mil draw contest should be cut haven't heard that.WTA PR was a waste of good money, haven't heard that being cut.

4. COJ was the backup plan to try and gain MS office share. It sounds like it won't be out till another 1.5 years can't wait till then.I was hoping they would do something with SUN.

5. I gave the Big Kahuna many chances to put up or shut up. It appears he still thinks everything is okay. There is alot of surprised analyst who thought Q3 and Q4 would be profitable. And once again he has P*S*ED them and me OFF!

6. I don't see any light at the end of the tunnel in the forseable future except a possible buy out.

This is JMHO. Maybe next year if they can get thier S*IT together I'll be back or if the NC's get going faster than I think it will.
I'll be back.

Good LUCK to the rest of the WARRIORS.

Mike
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