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Technology Stocks : Corel - Investors with no Humor
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To: A. Reader who wrote (510)3/27/1998 7:52:00 AM
From: A. Reader  Read Replies (1) of 1094
 
Corel posts fifth quarterly loss

Corel Corp. turned in its fifth money-losing quarter in a row yesterday as continued sluggish sales of key software products led to a $21.2-million (U.S.) loss....

...There is at least one analyst, however, who believes that Corel is about to return to profitability after 15 months of losses.

Duncan Stewart, portfolio manager of the Navigator Canadian Technology Fund in Toronto, said he thinks that Corel will at least break even in its second quarter, assuming no further downturn in its business. "This is the turnaround quarter," he said, while conceding his is the minority view. "I'm very much the contrarian here."
globeandmail.com
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