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Technology Stocks : Corel Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (7502)	9/21/1999 9:17:00 PM
From: A. Reader	Respond to of 9798

For Tuesday, September 21, 1999 Corel beats profit forecasts handsomely By JILL VARDY The Financial Post ..."Linux provides us with a new base for our applications to sell into," said Mr. Cowpland. While much of the software will be free for personal use, users will pay for support and services. Computer manufacturers that want to include Corel's Linux on their systems will pay a fee. And corporations will be charged. canoe.ca

To: Kip518 who wrote (7502)	9/21/1999 9:21:00 PM
From: A. Reader	Read Replies (2) \| Respond to of 9798

Tuesday, September 21, 1999 Corel Ships Linux Beta Corel will release a beta version of its Linux operating system to beta testers on Tuesday, said company CEO Michael Cowpland... informationweek.com Corel Begins Beta-Testing of Corel® LINUX® ...To build on the strength of Corel LINUX, Corel is developing several new research and development partnerships that should result in significant added value and end-user functionality to Corel LINUX. These organizations include: Philips Speech Processing (NYSE: PHG); Loki Entertainment Software; Webb Interactive (NASDAQ: WEBB); eFax.com (NASDAQ: EFAX); and; GraphOn (NASDAQ: GOJO). corel.com

To: Kip518 who wrote (7502)	9/21/1999 11:48:00 PM
From: Ellen	Respond to of 9798

You know, I read that article too. And was surprised at the "scathing slant" to it. CORL soundly beats earnings expectations, lists some rather remarkable accomplishments and this is what she wrote? Geez. Strange, I bet she wouldn't write with the same slant about 3Com - whose earnings included one-time items. Note their drop in sales; cost cutting; expectations for revenues to drop... upside.com [excerpts] PALO ALTO, Calif. (Reuters) - 3Com Corp. Tuesday reported quarterly profits that topped forecasts as the No. 2 maker of data networking equipment cut costs. The company said that for the fiscal first quarter ended Aug. 27, it had a profit before charges of $119.3 million, or 33 cents a share, compared with a year-ago profit of $86.7 million, or 24 cents a share, a year ago. Sales slipped to $1.39 billion from $1.41 billion. The results surpassed analyst forecasts of 24 cents a share, according to First Call/Thomson Financial. The company's net income included a $23.6 million gain on the sale of investments and a pretax credit of $2.1 million related to its acquisition of U.S. Robotics Inc. Including these items 3Com reported net income of $137.5 million, or 38 cents, up from net income of $93.7 million, or 26 cents a share, a year ago, which also included one-time items. ... Even though sales of its networking products rose only 9 percent, Benhamou said that performance there improved vastly from a year ago. Then, he said, the division was "barely profitable," while in the first quarter just completed, operating income was "markedly improved." Chief Financial Officer Christopher Paisley told analysts on the call to expect sales in the second quarter to rise less than 10 percent from the first quarter and to decline from a year ago. The same will occur in the third quarter from the second, Paisley said. He cited paring back inventories at distributors as the reason for the declines. Expenses will rise in the second quarter from the first most because of an extensive television ad campaign 3Com plans to roll out in the current quarter, Paisley said. Will definitely be interesting tomorrow though for CORL. The # of buys and sells were fairly equal, from what I saw, but the size of the buys are what I noticed.

To: Kip518 who wrote (7502)	9/24/1999 6:53:00 PM
From: Mark Kubisz	Read Replies (1) \| Respond to of 9798

"What you've got going on are, I think, a lot of retail people who are being probably excessively excited," said Duncan Stewart, fund manager at Tera Capital Corp. in Toronto. As one who got out too early (I think he was quoted in the Globe as having gotten out at $9 Canadian), he is bound to be miffed.