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Technology Stocks : Corel - Investors with no Humor -- Ignore unavailable to you. Want to Upgrade?

To: A. Reader who wrote (357)	1/21/1998 7:05:00 AM
From: A. Reader	Respond to of 1094

Corel Corp. said yesterday that it lost $66.9-million (U.S.) in its fourth quarter, leaving industry analysts questioning whether the software company can rebound from its disastrous showing in 1997. The loss was less than forecast in mid-December, when Ottawa-based Corel revealed preliminary estimates of a $95-million loss in the quarter that ended Nov. 30, including a $28-million writeoff of software technologies acquired from other companies. A month later, that loss has narrowed but only because Corel's auditors told the company to rewrite its financial statements for the entire year. Both the $28-million writeoff in the fourth quarter and $33-million in associated revenue from the previous three quarters were erased from the results. globeandmail.com

To: A. Reader who wrote (357)	1/21/1998 7:16:00 AM
From: A. Reader	Respond to of 1094

Chief executive officer Michael Cowpland also rebuffed suggestions he should step down as chief executive and cut his 1,500-person workforce. Cowpland said staff cuts are not needed to return Corel to profitability and that he's still comfortable running the company. southam.com

To: A. Reader who wrote (357)	1/21/1998 7:19:00 AM
From: A. Reader	Read Replies (1) \| Respond to of 1094

ÿ"They (investors) should be focussing on the technology space we're in and the the kind of momentum we're developing," said Cowpland. "People will be able to look at the results of Q1 pretty soon." ÿA new Alta Development Platform for Java will be released in the next few months along with a beta version of Remagen, bridging technology between Windows and Java. ÿCorel's Java-based applications and Webtop software are planned for release this summer. ÿIn February, 1,000 network computers will be produced. canoe.com