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Technology Stocks : Corel Corp.

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To: Big K who wrote (6654)5/19/1999 6:26:00 PM
From: Leo Mitkievicz  Read Replies (2) of 9798
 
Hello big K,

As best we know they still count 'em sold when they ship to the distributor, not on the end user sale.

To the company's credit they have avoided past excesses in more recent quarters. Since O'Reilly came onboard the numbers have been credible. (Scott may mildly disagree, but in general they've kept channel inventory pretty much in line with demand.) Of course, this is the first time we've seen major new releases since the current revenue recognition policies went into effect, so judgements may be flawed. We will have to wait and see whether or not reporting discipline will continue. The potential for monkey business is still present.

Regards,

Leo
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