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

To: Vanni Resta who wrote (3617)	11/12/1997 12:15:00 AM
From: Tommy D	Read Replies (2) \| Respond to of 9798

I have read the messages on Corel for the last month and have many times been frustrated with the comments of Vanni. To date, he has been remarkably accurate as to the stock performance even though his constant diatribe is hard to take in large doses. There has also been a pattern by Vanni that has developed and that people should be aware of. Vanni has sugested ad nauseum that people should sue Cowpland or Corel and has quite quickly denounced anyone who took a contrary position to him. He has on many occasions counseled people to not purchase Corel or sell Corel and when questioned, he stated that he was trying to help people and whats wrong with that. Lately, anyone who has anything positive to say about Corel is quickly set upon by Vanni. He may be right that this stock may continue to go down but what are his motives. IMO Vanni has been shorting the stock from Day 1 and continues to do so today. To breed discontent among investors is perfect from an shorters perspective. Should Vanni be expelled for his comments; probably not as I would be slow to take away free speech and there has been little or no profanity in his comments but everyone should understand that altruism does not exist in the stock market and on SI. People say and do things for a purpose and Vanni's purpose is to profit from the shorting of the stock, just has others in the past have acted as a cheerleader for this stock. I purchased Corel in mid August(so even if I thought your lawsuit had merit Vanni, I could not participate), primarily attracted by the Java oppurtunity. I only purchased 3500 shares so my purchase and views will have little impact and frankly if I am right, I will make little money going forward. I was also was influenced by the fact that the products that Corel has are very functional. For example, a large percentage of the lawfirms in North America use Wordperfect. I believe in general terms that if a company has good products that there is oppurtunity for growth and that to do that management must change. Corel's management has dropped the ball and the promised good news in the past month has not been forthcoming and in fact the Company was embarassed by the performance at the "Gala", very unprofessional in my view. To date there has been no indication of sales for the current quarter but I don't expect mush. Based upon the Oct. 31 close, the market cap of this stock is approximately $170 Million (U.S.). The company had sales in 1996 of $334 Million(U.S.) and positive cash flow. In addition, the company appears to have one shareholder who may want out (Novell) and as near as I can tell, no other insiders other than Cowpland who have a significant interest. IMO, in the present circumstances the company is or will soon be in play or funds will step in to change the management. Cowpland may technically be able to block a takeover in the sense that if he has greater than 10% of the shares, his interest can not be automatically be bought out on a takeover. Rather than making an offer, the first step may be to acquire a significant interst and attempt to elect a new slate of directors and thereafter, if appropritate, a bid would follow at some later date. If I am right, the shorters(including Vannia) will be caught with their pants down but again just my opinion.