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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (867)12/9/1998 7:28:00 AM
From: A. Reader   of 1094
 
Cowpland still aboard high-tech rollercoaster

Among the more amusing metaphors in Ross Laver's book on high-tech dynamo Michael Cowpland is that of an out-of-control bumper-car driver who lurches from one disastrous collision to another.

And walks away unscathed? Not quite. Over the last decade, Cowpland's Corel Corp. has lurched from one strategy to the next in his endless quest for the Next Big (Technology) Thing that will line his pockets with Gatesian wealth. But playing chicken in the real world of business is not like crashing about in bumper cars. People do get hurt. Over the past few years, Corel's shareholders have watched in horror as hundreds of millions of dollars have evaporated from Corel's net worth...

globeandmail.com
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