Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: Tommy D who wrote (2946)	10/15/1997 8:38:00 PM
From: Vanni Resta	of 9798

Tommy D. wrote: "If it could be shown that the statments (from Cowpland) leading up to the sale were misleading as part of a scheme to run up the price..." Tommy, this is wrong. In the U.S. officers and directors have a duty to disclose relevant information or abstain from trading. So if Cowpland knew in August that sales were way off and going to drag earnings down, and sold current shareholders like us his shares anyway, then he violated his fiduciary duty to put our interests above his. The only remaining question is whether a CEO should know how sales are going half way through the quarter. To me the answer seems obvious, but then I've never been a CEO, so I don't really know. FOUCS ON THE LAWSUIT!!! Vanni

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