Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: A. Reader who wrote (6672)	5/21/1999 7:17:00 AM
From: A. Reader	Read Replies (1) of 9798

Corel scrambles to curb profit expectations Fears growing: Second-quarter earnings may only be half forecasts ...Corel's biggest problem is that First Call Corp., which issues estimates for corporate earnings, shows Corel is expected to earn 12¢ a share in its second quarter. A similar service, IBES International Inc., shows an 11¢ average estimate for the quarter. Analysts say Corel executives are suggesting the profit number will be closer to 6¢ or 7¢ a share, on revenue of about $65-million.... ...On-line chat groups are buzzing with speculation about this quarter's revenue, with some estimates ranging as high as $80-85 million. These chat groups tend not to be taken seriously by institutional investors and analysts, but such on-line hype in advance of a quarterly announcement can influence the stock price... nationalpost.com

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