Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (356)	1/20/1998 10:41:00 PM
From: A. Reader	Read Replies (3) of 1094

"The bottom line is, in the end, [the new accounting method] gives you a better view of what was actually sold in those quarters," said Michel DeLavergne, an analyst with Dlouhy Investments in Montreal. "It also gives better comparable quarters in the future and shows that the problem was not just...a one-quarter thing." news.com Corel Corp. today posted a net loss of $67 million for the fourth quarter, considerably less than the $95 million it had previously estimated. The Ottawa, Canada company said the difference can be traced to a decision to change the way it accounted for acquisitions of Java-based technology from other firms. www8.zdnet.com

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