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

To: opalapril who wrote (8963)	5/5/2000 10:29:00 PM
From: micromike	Read Replies (2) \| Respond to of 9798

They moved the trail to Ottawa and I think it begins in the fall.

To: opalapril who wrote (8963)	5/6/2000 3:02:00 PM
From: Kashish King	Respond to of 9798

You know, I don't bother following his legal troubles but now that he's under scrutiny for his own trading practice, is it any wonder that investors question what really goes on with untraced connections? Can you imagine the sort of abuses that are possible? It boggles the mind but we have to give corporate management the benefit of the doubt that they aren't involved in stock manipulation schemes to line their own pockets. That's the case here, too, but when the guy is allegedly pumping and dumping his own shares, you can't really be blamed for not trusting him. Look at this blowhard's unbroken string of fizzled efforts that were touted for months then quietly retired. There is always a new scheme in the oven to replace the last one. I don't think this escapes analysts given the only coverage I'm aware of is a SELL, even at these levels. Meanwhile a company like Visio, who focuses on its product space and not smoke and mirrors, hits the billion dollar jackpot in what would have been a natural extension of Corel's historical products. Let me give you an even better example of Cowpland's lack of basic credibility. When asked about terminations when Corel took control of Word Perfect development, Cowpland explicitly stated that there wouldn't be any related cutbacks because "they need their talent". Then he turned around and fired them all, shutting down the office. His excuse for issuing the false and misleading statement had something to do with an orderly transition. A trustworthy executive would have stated that cost containment was an ongoing policy regardless of the current financial status of the company. He could have stated that it this could include periodic layoffs which strengthen the stability of the company and its workforce. Anything along those lines would have sufficed. Instead, Cowpland decided to issue false and misleading statements. This is all on the record. He simply shutdown the offices and said that his original statement had to be made to ensure there was an orderly transition, or words to that effect. A lot of people on this message board agreed with him, so I asked: what else is he lying about to affect an outcome more suited to his liking? I was astonished that he could turn around and effectively say "I use lying as a strategic tool". Others may have a different interpretation, particularly those who recently purchased the stock.