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

To: Joe Antol who wrote (3800)	12/9/1997 2:09:00 PM
From: Alomex	Read Replies (2) \| Respond to of 9798

IOW, if it goes under 2 bucks, and the status is quo, would you buy? I think there is a strong likelihood that WP is terminal and a smaller chance that CorelDraw might be too. Once sales are below critical mass, it doesn't matter what you do, perception takes over reality and the product disappears into oblivion. Let's say that only WP is terminal and that Draw 8.0 regains some of the territory lost to photoshop (I consider this the most likely scenario). For Corel to post a profit under these assumptions, it would have to drastically bring down costs $130 million dollars or so, less thah half current expenses. Mr. a-million-dollar-gala Cowpland doesn't strike me as the person under which such deep custs can occur. So the answer is no, I wouldn't consider buying Corel under 2 bucks. I would buy stock under the status quo when it is valued at 0.5 forward sales or $1 a share.

To: Joe Antol who wrote (3800)	12/11/1997 2:23:00 PM
From: vinod Khurana	Read Replies (2) \| Respond to of 9798

Joe, I am getting ready to buy this junk for a quick buck. Corel bought back over $5 million CDN worth of its stock recently (you may so what...NOVL bought theirs at $12 1/2 - $15 and loookie what happened to them). Well, for a quick buck, I would invest at least $2,000. I see the stock about to spike at least $1 going into the new year. How low can a stock go after a bad earnings report. There has got to be a rebound before this no good stock falls below $2 CDN which in Canada is no big deal. Look at Air Canada...went as los as $1.20 - $1.40 before rebounding to $15. In Canada, we are use to seeing stocks go to $1 and when they rebound 1/8 on the day, they make BIG headlines. I mean really BIG headlines. V.K