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Technology Stocks : Corel Corp.

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To: A. Reader who wrote (2737)10/5/1997 7:49:00 AM
From: Mr. Bean   of 9798
 
Kurt asked: "Would be curious to know if any reply you get to your Email is the same...form letter?"

Yes and No

My nasty E-Mail to Cowpland:

Cowpland Quoted "If I had cash, I'd be buying more Corel stock right now because it's so undervalued."

Ya right! It would seem the bank saw its security about to devalue and
requested that you cash out 20.5 million to pay debts?

The bank has incredible timing as well. Do you have offshore accounts?
Was the money used to buy a house next to Bre-exs Felderhof? Will you take a lie detector test. As Shareholders we demand the right to you taking a lie detector test on this and future announcements.
I now, am no longer a believer in anything you have said or will say. I will retain my Corel position in hopes that Shareholders take thier rightful position and kick the BOD's BUTT.

THIS REALLY SUCKS BIG TIME!
THIS SHIT STINKS SO BAD, MY FARTS SMELL LIKE ROSES!!!
COWPLAND LEAVE NOW BEFORE YOU GET BOOTED OUT WITH YOUR 10%.
GANDALF MANAGEMENT HAS MORE RESPECT THAN CORELS!!!

Sorry for the anger Mike, I live in Ottawa, and have used Corel Products for 10 years. Why must you let me down? Can you give me a direct answer instead of Clipping suitable
responses from a standard list of excuses and promises.

Mr. Bean

Cowpland mix of Form letter and free writing:

Dont forget that on Oct 27th we will unveil to the press & analysts our new Network Computer- 10x the speed of Suns Javastation, Remangen which outperforms Citrix - valued at $1Billion, Alta which is a breakthrough teamware killer app in Java & HTML & CorelDraw8 which is our best Draw ever. Our base sales are over $300M US and new products will be gravy over this. As the new products begin to kick in next year we will return to strong profitablility and leadership in the new WEBtop era. We have under 70M shares out standing.
Citrix is at 10x sales
Visio is at 10x sales
Microsoft is at 12x sales
At 10x sales Corel shares would be $44US or $60CDN
Open Text went through a similar restructuring to Corel last year and they are now 8x sales. Our shares deserve to be surging upwards very soon.

I have been running public high tech. companies for 22 years with a consistently professional behaviour including recent sales - and no I dont have any offshore acounts. I am working 18hrs a day to propel Corel forward at top speed and we are just around the corner - so hang in there - and please hold the bad language.
MikeC

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As you can see half form letter and half Cowpland writing himself. I was very angry and confrontational in my E-mail for a reason. It hard to Form-respond some of my statements.

Mr. Bean
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