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Technology Stocks : Corel Corp.
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To: Tommy D who wrote (4974)3/31/1998 11:06:00 PM
From: Kashish King  Read Replies (1) of 9798
 
Tommy, you might have noticed the big selloff which accelerated at the end of the day but was clearly held up by support at $2.00. It just so happened to by the end of the quarter. If you believed the buy-back was significant perhaps you should have grabbed some just prior to the close. The same thing happened at the end of the last quarter when it dropped down near the dollar and a half mark, then quickly rebounded. I think I may be watching this more closely than you think. As for the buyout being another pile, that's really the only rational conclusion to draw given they haven't announced any cost cutting measures, nevermind any layoffs. OK, so we're dealing with extreme incompetence on the part of the CEO and that needs to change. Why do you think he hired a junior accountant to be the CFO instead of an executive? He's a control phreak and and he's totally out of control, nothing could be more dangerous. He's an unfocused buffoon who needs to be put out to pasture and lose the illusion he has of Corel as this international software powerhouse. Take a good look at the market cap and the graph of the stock and tell me this guy has his act together. How much do you think Corel is worth? They would be extremely lucky to get $4 in their current state. Maybe the shareholders will be spared further agony and somebody will scoop them up for $3 and a promise not to badmouth them on their way out.
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