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

To: revbill who wrote (4365)	1/22/1998 9:41:00 AM
From: A. Reader	Read Replies (1) \| Respond to of 9798

From Wisam Raad on the Raging Bull Corel Thread: ragingbull.com MESSAGE READS: I find the re-release of Corel's previous quarters to be unfair--or borderline illegal. The reason is that many people that purchased Corel shares after the 1st, 2nd, or 3rd quarter paid an inflated price for the shares. Had the losses been greater in those quarters, the associated share price on the market would have been less. Corel accountants spread the loss for the 4th quarter to the previous 3 quarters. COREL EFFECTIVELY CHANGED THE PAST. News releases have indicated that this is acceptable accounting procedures, but what Corel did was effectively make the 4th quarter appear better than it was on paper. I don't give a crap what they report to the government or how they satisy their books for themselves, but, what upsets me is that after the 3rd quarter reports the share value would have been around $3 or less. Thus, I would have paid less than the $5.35 that I ended up paying. People purchased shares based on the information Corel released, which is as of yesterday, entirely false. Before I proceed with either a complaint or something else, I would appreciate some feedback on what others think.