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Technology Stocks : Corel Corp.

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To: A. Hayer who wrote (3730)	12/18/1997 9:50:00 PM
From: A. Reader	Read Replies (1) of 9798

A.H., Friday, Nov 28 1997 You wrote: <Corel bought back close to 800,000 shares this month alone. Now why would they do that ?> From bcoch link today: canoe.com The company was forced to spend nearly $4 million to buy back 1.3 million of its shares to slow a collapse in its share price on North American markets. Is the operating word forced??? Why would they bother to support the stock price this way? They haven't done so in any other. Do you see Corel buying their own shares out of self interest? I can't see why they would be obliged to do so. Anyone? Regards Kurt P. P.S. I'm starting to get that "average down" itch. Am I nuts?

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