Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: A. Hayer who wrote (284)	12/11/1997 1:54:00 PM
From: Alomex	Read Replies (1) of 1094

If this report is accurate as far as the numbers are concerned, then cash on hand is something like 31.8M ( 5.4 million divided by 17% ). Doesn't seem right. Figures are in Canadian dollars. Cash at the end of Q3 was $22.5M US which is about $31M+ Canadian. Shares were bought back in the $3-$4 US range. All in all Corel bought 1.5 million shares over the last year, at an average price of $3.25 US per share. Yesterday's closing price was $2.18. Great work!

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