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Technology Stocks : Corel Corp.

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To: Tommy D who wrote (4978)	4/1/1998 8:21:00 AM
From: Alomex	Read Replies (1) of 9798

Were the previous 2 buybacks done when the cash/working capital was low? No. Their cash position has reduced, if anything, as compared to that when they announced the previous bubacks. However, recognize that the buy-back decision would have been decided by the directors. You can conclude they are incompetent or are controlled by the CEO but why would they approve a buyback if there wasn't some reasoned basis. I think we can safely presume that they are incompetent. Otherwise they would have fired Cowpland a couple of quarters ago. Why would they pick up personal liability? What personal liability? When was the last time in Canada that a board member was succesfully prosecuted? Get real.

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