Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (50180)	1/18/2000 5:42:00 PM
From: Henk Wondergem	Respond to of 122087

A@P: the "tame bulls" were practicing their new math: But They shifted the decimal point the wrong way. OOPS... I always like to see what the MarketCap/Employee is if I do not understand the business (I like wearing glasses especially when the chips are flying). This morning SI was slow for me, so I checked RB before getting some shorts. It was humerous to see all that enthusiasm, but it was so overdone I did't even bother to try SI before jumping in at $12. I admire your stamina to keep them from ripping everybody off. They must have modified a "dental" laser to an "eye" laser and Presto: they do $3000 sales/ employee!! Henk

To: Anthony@Pacific who wrote (50180)	1/18/2000 6:00:00 PM
From: Oleg Sogolov	Read Replies (1) \| Respond to of 122087

I know you would love this one: check out CORL earnings report today. They reported a one-time gain to make their earnings report look like a blow-out. The stock is trading about +$5 after-hours. Anyone care to take a stab?

To: Anthony@Pacific who wrote (50180)	1/18/2000 6:03:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 122087

That CORL looks like a fraud: First it shot up to 26+ on the initial surprise positive earnings release. But it is deflating when people digested the 2nd, updated release which reveals of which quality that one-time gain is. Otherwise CORL would have shown a loss, actually. And, fundamentals are deteriorating.... And more: COREL CORPORATION CONSOLIDATED FINANCIAL STATEMENTS QUARTER AND YEAR ENDED NOVEMBER 30, 1999 CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT (US Dollars, 000s omitted except per share data) Quarter ended Year Ended November 30 November 30 --------------------------------------------------------------------- 1999 1998 1999 1998 --------------------------------------------------------------------- Sales $ 60,932 $ 67,242 $ 243,051 $ 246,827 Cost of sales 18,398 14,879 59,516 51,561 --------------------------------------------------------------------- Gross profit 42,534 52,363 183,535 195,266 Expenses: Advertising 15,606 11,454 47,964 41,826 Selling, general and administrative 22,295 20,504 82,229 77,736 Research and development 3,523 12,024 40,049 71,935 Depreciation and amortization 2,046 1,923 6,443 12,368 Restructuring charge - - - 15,880 Settlement proceeds - - (6,342) - Loss (gain) on foreign exchange (511) 236 (246) 911 --------------------------------------------------------------------- 42,959 46,141 170,097 220,656 --------------------------------------------------------------------- Income (loss) from operations (425) 6,222 13,438 (25,390) Interest expense (income) (93) 118 190 1,112 --------------------------------------------------------------------- Income (loss) before the undernoted (332) 6,104 13,248 (26,502) Income tax expense (recovery) (5,221) (678) (3,946) 3,946 Loss on equity investment 307 - 478 - --------------------------------------------------------------------- Net income (loss) 4,582 6,782 16,716 (30,448) Deficit beginning of period (163,470) (182,386) (175,604) (145,156) --------------------------------------------------------------------- Deficit end of period $(158,888) $(175,604) $(158,888) $(175,604) --------------------------------------------------------------------- --------------------------------------------------------------------- Earnings per share: Net income (loss) per common share - Basic $ 0.07 $ 0.11 $ 0.27 $ (0.51) - Fully diluted 0.07 0.10 0.26 (0.51) Average number of common shares outstanding (000s) - Basic 64,213 59,401 62,194 59,433 - Fully diluted 66,337 67,755 65,100 59,433 actually, the R&D was cut back to 3Mil in this quarter. Does CORL stop developing? Revenues and the gross profit declined by 10Mil...??? No way Corel trades up ....

To: Anthony@Pacific who wrote (50180)	1/18/2000 7:56:00 PM
From: Smartypts	Respond to of 122087

Tony check out the piece with Senator Torricelli. He walked away from the insider trading and stock fraud charges. Word is he's hooked up with Cleary over at DOJ and can't be touched. Such a shame.