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

To: A. Hayer who wrote (3730)	11/28/1997 11:45:00 PM
From: Leo Mitkievicz	Respond to of 9798

<<OFF TOPIC>> Hi ah. you been ok? beginning to think you were just a figment. I hope you've been able to follow the thread. it's been invigorating to say the least. do come by to see us more often. hope you can stay a while. leo

To: A. Hayer who wrote (3730)	11/29/1997 8:47:00 AM
From: Steve	Read Replies (1) \| Respond to of 9798

Dear AH, Just great to know you are back and still long for Corel. I like what you said, "If R&D doesn't pay off, Corel has no option but to cut R&D from current levels of 23% of sales down to say at least 10%. Either way, the company is either a larger profitable company 12 months from now or a smaller one" SW

To: A. Hayer who wrote (3730)	11/29/1997 2:16:00 PM
From: Alomex	Read Replies (1) \| Respond to of 9798

The price to sales ratio at current prices is 0.4. I challenge you to find me another software company trading at that P/S ratio with annual sales greater than $300M US. Have you learnt nothing? This whole debacle started when it turned out that Corel had sales of about $70 million a quarter, as oposed to over $100 million, as Corel had previously reported. Since the market share of Draw and WP continues to slip, revenues will continue their decline. Once you take this into consideration the price to sales ratio is more like 0.7, all while bleeding at a rate of $10-20 million in losses per quarter. Corel might be slightly undervalued as it stands. But I'll wait until they boot Cowpland before buying in again...

To: A. Hayer who wrote (3730)	11/29/1997 7:02:00 PM
From: Alomex	Read Replies (1) \| Respond to of 9798

Look at Informix for another example of fuzzy figures. Last year they were a 939 million dollar company, with growing revenues. After they restated those figures, sales were actually 728 million (more than 200 million less than initialy claimed!) and so far it looks like they would be lucky to go over 700 million in sales this year.

To: A. Hayer who wrote (3730)	12/18/1997 9:50:00 PM
From: A. Reader	Read Replies (1) \| Respond to of 9798

A.H., Friday, Nov 28 1997 You wrote: <Corel bought back close to 800,000 shares this month alone. Now why would they do that ?> From bcoch link today: canoe.com The company was forced to spend nearly $4 million to buy back 1.3 million of its shares to slow a collapse in its share price on North American markets. Is the operating word forced??? Why would they bother to support the stock price this way? They haven't done so in any other. Do you see Corel buying their own shares out of self interest? I can't see why they would be obliged to do so. Anyone? Regards Kurt P. P.S. I'm starting to get that "average down" itch. Am I nuts?