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

To: Herb Duncan who wrote (8662)	2/7/2000 12:48:00 PM
From: Dennis Nicks	Read Replies (3) \| Respond to of 9798

Hello Herb, I guess I'll be the first INPR shareholder to post on the CORL thread. I think the mixed feelings on the INPR thread are more over the price, rather than this being the right thing to do. Inprise/Borland is bringing a lot to the table, with about $175 million in revenue and almost $200 million in cash. Add to that the sprawling Scotts Valley campus (which is bought and paid for). On top of that, Inprise/Borland has some top notch products which include not only the "old Borland" development tools, but also some of the hottest enterprise middleware, namely Visibroker ORB. For price comparison, take a look at IONA which has the Orbix product (similar to visibroker) and take a look at BEAS, which has a lot of the same enterprise products as INPR (BEAS doesn't have the quality or quantity of development tools either). If you look at either of these cases, you might understand the mixed feelings. I think a lot of people were expecting a buyout at twice the price. Now that our companies have decided to merge, you are going to want to know more about INPR and I've got some studying to do with CORL. I think the combined company is certainly worth more than the two halves. But not having looked at the CORL financial picture, I think you guys got a great deal. What's your take on how CORL shareholders will take this? I'm still not sure how I'll vote on it and I think a lot of other INPR shareholders are in the same boat. On the bright side, the combined companies have the pieces of a Microsoft in the Linux space. Yet, at $2 billion, the value is but a fraction of what RHAT is worth. Maybe we should structure a shareholder buyout, take the company private, wait 6 months and have an IPO. Maybe then we'd get a real valuation. Dennis

To: Herb Duncan who wrote (8662)	2/12/2000 11:49:00 AM
From: BP Ritchie	Read Replies (1) \| Respond to of 9798

Corel seems to have a very bad rep with the INPR posters now. And the Corel posters have become very quiet, I wonder why? There's a lot going on now. Corel issued some SEDAR (like a Canadian SEC)documents yesterday, there might be some interesting information in them. Here is the url (I haven't read these yet): www.sedar.com/dynamic_pages/issuerprofiles_e/i00001714.htm it was posted on the INPR thread too. It seems to me that there are some substantial market changes beginning now. WIN 2000 & LINUX interest are good indicators ... but there should be a massive application replacement opportunity window opening soon, and very large new customer set to sell to as well. An important effect of the LINUX interest will be to reduce the Top line revenue from OS Software ... probably reduces Microsoft's WIN2K revenue and slightly increases the LINUX vendors revenue. But, the most important sales opportunity will probably be for applications ... and Corel looks very well positioned to get an increased share of this expanding opportunity. Most often heard negative has been lack of trust in Corel's management ... maybe that perception will change in the next month or so? Anybody have some insights into how Corel's future will unfold? I think LINUX will change the market dynamics and with some pressure from the DOJ on Microsoft it will be enough to let Corel get a decent shot at this market in the next few years. Or are we just expecting that Microsoft will destroy anything that looks like competition (again) ... and that Corel is putting themselves back into Microsoft's sights ... do you think history will repeat itself?