Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (9524)	8/16/2000 10:35:31 PM
From: Picanoc	Respond to of 9798

I derive that notion from having tried to use Quattro Pro in a multiuser environment - the damned print preview doesn't even work properly. I mentioned this to a former Corel employee - the answer was 'oh yeah, it never has...'. Draw I have had fewer problems with. But Corel has always epitomized the 'ship then ignore' approach - at least MS is ship then fix. Trust me, I would buy Corel Office for my company..if I hadn't already tried. I didn't always despise the company. I agree that Corel may be in somewhat better shape from the outside, but the 'turnaround' still hasn't begun. By my guess, the cash runs out late September. Doesn't leave much time. As for Linux revenues, I think it has a lot to do with Corel's reluctance to actually do Open Source, and the <ROD> fact that it is Debian Linux </ROD>...and my sense is that Debian is out of fashion. Corel has very little to offer to Linux where I use it - servers. It's just that simple. Even if you accept the debatable proposition that they have the best desktop implementation, that isn't going to matter in the next quarter, and that's where Corel's time horizon is. Note that if Corel was still pulling $213M, they'd be OK. They will probably not clear $130M this year given eroding sales and the fact that revenues for 1 and 2Q were at $80M, with only $36M in Q2 - nothing has changed since then but the release of a few new products that are available for free.. I am not going to be caustic about it, but I just don't believe in technical analysis. This company has been beloved of day traders, but in the end the balloon is going to run out of air. Unless something drastic happens, that will be soon. We are 2 weeks away from the beginning of the 'profitable' 4th quarter - and there have been no significant developments other than mass resignations since June 8. The fundamentals will have their say, and soon.

To: Hawkmoon who wrote (9524)	8/19/2000 6:43:38 AM
From: Picanoc	Read Replies (1) \| Respond to of 9798

globeinvestor.com Linux revenues are moving back up (up .3M to 2.6), but the big ugly story is continued erosion of WPOffice and Draw sales, which as discussed are of far more importance to the short term survival of the company. Part of it may just be a July slowdown. This puts tremendous pressure on the release of the next version of Draw, because the early 2001 release of WPOffice is too far away to matter. It also strongly suggests that the current quarter will be worse than the last, and the 4th isn't likely to be much better. The new CEO had better be in a position to drop the Cowplan 'profitable in 4Q, no layoffs' line soon..