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

To: zax who wrote (8906)	4/25/2000 9:02:00 PM
From: zax	Respond to of 9798

Inprise To Discuss Corel Merger Thu; Plan Continues Tuesday, April 25, 2000 06:57 PM OTTAWA (Dow Jones)--Inprise/Borland Corp. (INPR, news, msgs) still plans to go ahead with its merger with Corel Corp. (CORL, news, msgs), despite revelations that Corel's financial situation has "changed significantly" since the two software makers announced their intention to merge Feb. 7, according to an Inprise spokeswoman. Asked if the merger was in jeopardy, Marilee Adams, vice-president of corporate communications for Inprise, said she couldn't comment. "At this point we can't comment further. We need to wait to see what the board will actually be doing." But she said "At this point, we do have a definitive agreement and we are going forward." She said Inprise executives will discuss the merger when the Scotts Valley, Calif., company issues its first-quarter results April 27. Corel's "financial conditions have changed significantly based on information that has come up subsequently," she said. Inprise was aware of Corel's low cash reserves but didn't know Corel would be reporting poorer-than-expected first-quarter results in March. Corel reported a loss of $12.4 million, or 19 cents a share, for the first quarter ended Feb. 29. Last week, Corel filed a quarterly statement with the Securities & Exchange Commission in Washington warning that it could run out of cash in the next three months if the merger doesn't go ahead and the company doesn't find additional financing.

To: zax who wrote (8906)	4/26/2000 11:23:00 AM
From: Kashish King	Respond to of 9798

An exclusive interview given at the same time news is released regarding Corel's dire financial straights is known in the industry as a "pump piece". As usual they managed to avoid saying anything meaningful or specific. Anybody find anything factual directly related to Corel within that pump piece? How about the Linux market? The claims made for the OS have nothing to do with Corel and everything to do with Linux itself. Furthermore and more importantly, what happened to Cowpland's Network Computer claims and his Network Computer? What happened to Cowpland's Java Office Suite claims and his Java Office Suite. What about the claims for Video Conferencing and their Video Conferencing effort? How about Windows terminal software, OLAP and all the other noise-makers that have gone nowhere? See the pattern folks?