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

To: Alomex who wrote (3973)	12/17/1997 7:24:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 9798

(snip) "And last week pc data, which tracks sales figures in the U.S., said Corel and its Coreldraw software has slipped to second place overall in the professional computer graphics market behind Adobe Systems. pc data figures also show Corel's WordPerfect software has less than six per cent of the market share, far behind the 91 per cent enjoyed by Microsoft Word. WordPerfect's retail market share has also tumbled to 30 per cent, down from the 50 per cent level reached early in 1997." (snip) If the world is going to be using Java apps squirted through cable modems, would not this company be an attractive buyout target... by say Sun? Now that Microsoft seems to be a target of so much criticism, I should think it would be attractive for somebody to go head to head. People like to be different...if Microsoft as the Evil Empire is the way people increasingly see the company, I should think they'd rather have the Corel Suite on their PC. Here is another thought--Microsoft splitting into independent companies: The OS division, and the applications division. Til that happens, COSFF seems like a real steal at these levels, on speculation that it will be bought out. Am I overestimating the brand name recognition of WordPerfect? Or maybe I am underestimating the ease with which Java apps can be created, and the probability that network entertainment computers will replace desktop PC's. On that final thought, it seems to me the only way computers will further penetrate US homes, is to make them extremely easy to use, and locally configured apps are NOT easy to use for 90% of the population.

To: Alomex who wrote (3973)	12/17/1997 7:29:00 PM
From: Leo Mitkievicz	Respond to of 9798

Alomex and all don't forget to VOTE pop this link up and hit respond: exchange2000.com We've been knowing the fragile condition of Corel for months now. Nothing new in the article but some rather pithy quotes and a downgrade to sell. As usual the press is slow to catch on/up. Leo

To: Alomex who wrote (3973)	12/18/1997 12:11:00 AM
From: Dan Woodbury	Read Replies (2) \| Respond to of 9798

Alomex, your measures are a bit extreme. The problem with Corel, as has been its problem for the past 18 months, is spending willy nilly in pursuit of ill-conceived goals. The fact is that if Corel had not bought WP it would probably be in worst shape than it is with WP. The WP franchise provides Corel with a solid $200 - $280 million a year in revenues. Corel Draw at most brings in less than 1/3 that amount. The only issue you can make with the WP acquisition is that it gave Cowpland the illusion of strength and led him on the ill-fated battle against Microsoft. If Corel can generate sales of $300M and clean up its balance sheet then profits, however small, will follow. I am confident that Corel will see $4 US next year. On the other hand, you may be right about seeing $1.50 this year. Put it all together and you have a great speculative buy.