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

To: Jack Ucci who wrote (8547)	1/18/2000 5:03:00 PM
From: R.S. Blum	Read Replies (1) \| Respond to of 9798

Corel manages surprise fourth-quarter profit (All amounts in U.S. dollars unless indicated) OTTAWA, Jan 18 (Reuters) - Software developer Corel Corp. (Toronto:COR.TO - news)(NasdaqNM:CORL - news), surprised the market on Tuesday with a fourth-quarter profit of 7 cents per share less than one month after warning analysts it expected to lose 14 cents per share. The Ottawa-based firm, which recently added hot Linux technology to its stable of CorelDraw and WordPerfect software, said it was able to recognize the tax value of some losses and use tax credits that had been deferred pending a Revenue Canada review of Corel's 1993 to 1995 taxation years. Corel reported a net profit for the quarter of $4.6 million compared to $6.8 million, or 11 cents per share, from the year-earlier quarter.