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Technology Stocks : Corel Corp.

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To: don wang who wrote (2905)	10/13/1997 11:41:00 AM
From: Vanni Resta	of 9798

Diane Francis wrote in the Financial Post: "There is nothing incorrect about what Cowpland did..." in reference to his sale of a large position in August, just ahead of news a month later that caused the stock to decline by 30%. How does she know? Senior management and officers have a fiduciary duty to put the interests of shareholders above their own. If Cowpland sold his shares to other shareholders in August, knowing there was weakness in the company that was about to make shares lose a third of their value, this would be a violation of his fiduciary duty. I do not know that he knew this. I will leave it to others who know corporations better than I do to pose the question: Is it possible that the CEO of a company does not know how sales trends are going to affect earnings a month in the future? And if he does not know this, is that alone not a sign that he is not managing the company well, and thereby violating his fiduciary duty? Again, I do not know the answers to these qestions. If anyone has any ideas, please post. Happy Investing! Vanni

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