SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Corel Corp. -- Ignore unavailable to you. Want to Upgrade?


To: bdog who wrote (5116)4/20/1998 9:20:00 PM
From: Wizzer  Respond to of 9798
 
A company in financial difficulty that does not lay off employees is the exception rather than the rule these days. Either Corel executives 'think' that they have a "suprise" or they are pretty confident someone will bail them out (including possibly the government in some way). The Ontario and another eastern provincial government have already purchased the "Suite" for schools. Perhaps there will be more of that going on in the coming months. I think the government of Ontario and Canada want to see Corel succeed to the point where they have been assisting and may assist more. Corel is in a very fragile state right now and the market is showing it in how it is trading. It can be volatile from day to day, sometimes the day spread is 35-40 cents.



To: bdog who wrote (5116)4/20/1998 10:18:00 PM
From: Alomex  Read Replies (3) | Respond to of 9798
 
On the other hand, notwithstanding past errors, is there possibly method to his madness?

Nope.

Why would he hesitate to cut employees if that was the solution? Surely he didn't get where he is by being a wimp?

I honestly believe the man is mentally ill. He is pathologically optimistic about the outlook of his company. I can remember statements about the rosy future of Corel dating back to the summer of 1995, which caused a short term spike up, only to fall back when actual figures were released.

He has repeated those optimistic projections in one form or another for the last ten quarters, while revenues, earnings and the stock price go down unabatedly.

Do you think Rhapsody has the potential to give serious challenge to Windows?

The odds are against it. The window of opportunity (no pun intended) is closing rapidly. Perhaps if Rhapsody had seen the light of day substantially in advance of NT 5.0 it might have had a chance, but not any more. I could say more, but we are getting off topic here...