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Technology Stocks : Corel Corp.
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To: Joe Antol who wrote (3800)12/9/1997 2:09:00 PM
From: Alomex  Read Replies (2) of 9798
 
IOW, if it goes under 2 bucks, and the status is quo, would you buy?

I think there is a strong likelihood that WP is terminal and a smaller chance that CorelDraw might be too.

Once sales are below critical mass, it doesn't matter what you do, perception takes over reality and the product disappears into oblivion.

Let's say that only WP is terminal and that Draw 8.0 regains some of the territory lost to photoshop (I consider this the most likely scenario).

For Corel to post a profit under these assumptions, it would have to drastically bring down costs $130 million dollars or so, less thah half current expenses.

Mr. a-million-dollar-gala Cowpland doesn't strike me as the person under which such deep custs can occur.

So the answer is no, I wouldn't consider buying Corel under 2 bucks.

I would buy stock under the status quo when it is valued at 0.5 forward sales or $1 a share.
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