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Technology Stocks : Corel Corp.

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To: Wizzer who wrote (6325)	3/18/1999 12:41:00 AM
From: Kashish King	Read Replies (1) of 9798

What's going on is what we suspected a year ago: calls for his head prompted MC to promise profitability by the end of the year. What we assumed would be obvious was that he would shuffle revenues into the last quarter from the previous and following quarters (where possible of course) and defer all charges and expenditures. Poof magic, Corel would be profitable by the last quarter as promised. Now it's time to face reality, it was all smoke and mirrors accept that everybody knew it was coming and, I assume, it was all legal. When I say "everybody" I don't mean the online gamblers or the homies who buy local for the sake of it.

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