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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (178)	11/2/1997 8:28:00 AM
From: A. Reader	Read Replies (1) of 1094

Corel draws upon suite success -- Retailers expect strong upgrade market for CorelDraw8, scheduled to be on shelves in December Both products will be heavily promoted at Comdex/Fall in Las Vegas next month. CorelDraw has maintained revenue leadership in the PC drawing/illustration software market thus far in 1997, pocketing almost $11 million for its CorelDraw 7 upgrades, according to market research company PC Data, Reston, Va. At the same time, the title is running neck and neck with Adobe Illustrator on the unit sales front. Corel sold 48,917 upgrade copies through the retail channel to date in 1997, according to PC Data. Adobe Systems (which ranks first in PC Data's software lists for 1997 to date for the sub-category) shipped 51,401 upgrade copies of Illustrator during the same period, yet the title brought in only about half the revenue of CorelDraw, PC Data estimated techweb.com

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