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


To: hdl who wrote (9229)5/28/2000 5:41:00 PM
From: Kashish King  Read Replies (1) | Respond to of 9798
 
Why didn't I short CORL in the $40s? Simple: I wasn't even paying attention to what CORL was doing at the time. I had no idea the company's stock had risen based on Cowpland's discovery that he could put a Corel sticker on a box with Debian Linux and start touting the company from a fresh angle. What followed was predictable: word got around to the new "investors" of their long list of past failures, then came confirmation of their all-talk-no-action operating mode in the last quarter. I really liked Cowpland's response: "Other Linux companies do not make money, whey should we"? I think we should suggest that strategy to all of the going-nowhere companies with at least 10 years of total stagnation and cancelled projects: just slap your company sticker on a box of Linux and then use it as an excuse for the rest of your failed business. Just pretend you're a development stage company that just arrived on the scene. Sweep everything under the Linux rug.

Cowpland excels at finding new and interesting ways to fail. If there were a way to channel those abilities into something constructive you might have something worth investing in here but I can't think of anything of the top of my head. Of course, if we're looking for a positive side we could say that Cowpland serves as a bad example: an antithetical model of honesty, integrity and execution from which we can all learn.