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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (578)4/21/1998 4:56:00 PM
From: A. Reader  Read Replies (1) of 1094
 
Downside: Corel drawn and quartered
Michael Cowpland has a problem with his reality distortion field: It doesn't work on anyone but him. Corel Corp.'s cocksure CEO assured shareholders at the company's annual meeting on April 15 that the future looked bright, despite an 80 percent drop in the value of their shares since 1995. Come this time next year, he told the assembled not-so-faithful, Corel would be "so successful" that stockholders would cheer. He assured them they would find the much-maligned Canadian graphics software company "sitting pretty" on the top of the, ahm, allegedly burgeoning NC market.
upside.com
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