Hi Frank,
From last month. Hadn't seen this article before.
Corel banking on NCs and Java to
stem losses
plesman.com
From the article:
While the Toronto Stock Exchange's market surveillance department has launched
a review of the events surrounding Cowpland's stock sale, Cowpland says that the
only information he received were June statistics for the computer hardware and
software industry compiled by PC Data Inc., a market research firm based in
Reston, Va.
"You don't evaluate a company based on snippets of information," says Cowpland,
who blames a "silly reporter" at the Ottawa Citizen for focusing on "details he
shouldn't worry about."
The June PC Data report, however, showed that Corel's market share in terms of
units sold had fallen 32 per cent over a 12-year period in the business software
category, which includes sales of the company's Draw graphics and WordPerfect
software.
.....Digital Equipment Corp. also announced that it will develop an Alpha
version of CorelDraw 8 that will be bundled on Digital's Alpha-based Personal
Workstations running Windows NT beginning early in 1998.
The deal is worth about $3 million U.S. for Corel and will run until the fall of 1999
when both companies will assess its success.
But anyone recommending that Corel stick to graphics isn't "looking at reality," says
Amy Wohl, an analyst based in Narberth, Penn. She adds that Corel receives only
about half its revenues from the sale of illustration software.
"It's silly to think they're going to go back to being just a graphics company," she
says. "They've done quite well with WordPerfect and there's no reason they're not
going to continue doing well. There's no particular reason why Microsoft should
hold 100 per cent of the market." |
