Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: Guaranteed who wrote (897)	1/9/1999 9:26:00 PM
From: A. Reader	Read Replies (1) of 1094

>>The last remaining "problem"<< ...Is that he foresaw an improving Corel: Corel CEO predicts profits in '98 By Reuters April 16, 1998, 7:45 a.m. PT OTTAWA--Corel chief executive Michael Cowpland, staring down angry shareholders who saw their stock tumble nearly 80 percent in 1997, said yesterday that they will be cheering him next year when he returns the software company to profitability. "I think the company will be so successful next year that we'll be having cheers from the audience," news.com ...But not the events that led to this disaster: Corel Corp. On February 23, 1998, a securities class action lawsuit was filed in the United States District Court for the Eastern District of New York against Corel Corp. On that date, the price of Corel's stock closed at $1 27/32 per share, down from a Class Period high of $6 7/8 per share. defrauded.com And THIS ain't over ‘til its OVER. Loose ends like the suit and the related official investigation are sure to hold back this stock at some point.

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