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Technology Stocks : Corel Corp.
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To: Mr. Bean who wrote (4234)1/5/1998 8:52:00 PM
From: Tommy D  Read Replies (1) of 9798
 
In days gone by, I was a bean counter(or a counter of Suites, as the case may be) and it seems to me that for public companies, we did plenty of work prior to year end because of the pressure to get results out quickly. Wouldn't the same thing happen here so the new CFO would have a pretty good idea coming in as to the potential negative adjustments, particularly with respect to expenses. The only surprise would be on reduced sales as definitive information might not be available until after year-end. I believe that it is unlikely they would release sales numbers that weren't on the conservative side so they all look like heros when the results come in January. How many times have the actual numbers been negative after an early earnings warning by a company. Not many to the best of my memory.
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