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Technology Stocks : Corel Corp.

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To: revbill who wrote (4257)	1/12/1998 2:13:00 PM
From: Vanni Resta	Read Replies (1) of 9798

Thanks for the article revbill. Jill Vardy wrote: "Last September, chief executive Michael Cowpland said a "surge" in sales would stop the red ink..." Something is surging, but I don't think it is the sales. Vardy also wrote: "While no analyst has officially updated earnings forecasts for Corel since the pre-announcement..." By this, I think she means December 19, because at the top of her article she writes: "The stock (COS/TSE) bottomed at $2.05 Dec. 19 after Corel pre-announced a loss..." If she means December 19, then she is wrong. There were earnings revisions on December 30 and January 9. Vardy also wrote: "One analyst, who asked not to be named, said the company's channel was "stuffed like a Thanksgiving turkey." Yes! How do you think we knew it was going to be "$3 by Thanksgiving!" which surprised everyone at the time, but turned out to be true. Hahahaha! Yippity Yappity! Vinni

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