To: Steve who wrote (5504 ) 8/31/1998 8:34:00 PM From: Kashish King Read Replies (1) | Respond to
I want to re-direct. My initial posts were in response to your aggressive attacks from dispassionate observations which don't favor Corel?You seem like a reasonable person. Corel's Java effort - pioneering in initial effort. Had to redirect Result - jBridge - an innovative new technology that appears to be a contender in cross platform computing. A product representative of strong engineering capability. Corel WordPerfect Suite - An excellent product that is actually Corel has done a commendable job establishing WordPerfect as the #2 productivity suite. Corel has had difficulty penetrating OEM and corporate markets, but has shown some gains in this area, and has held its existing client base. WordPerfect is at a strong marketshare disadvantage and must effectively implement and execute a strategy to over-come this. I believe Corel is in the process of doing so. Recent oem agreements both domestically and internationally are representative of this. in the process of doing as they stand poised to jump off a cliff they picked out for themselves.CorelDraw - [SELF-CONGRATULATORY BLATHER OMITTED FOR BREVITY]Sure, the magnitude of the iMac's success is still to be seen. [MORE SELF-CONGRATULATORY BLATHER OMITTED] .Closing of Orem facility - Cowpland has been criticized for earlier in the year saying there would be no-layoffs and then a short time later shutting down Orem. I thinks it shows sound judgement that if you are planning to shut-down an operation not to pre-announce it. I am sure the Orem facility contained critical WordPerfect code that needed to be safe-gaurded, I think announcing lay-offs months before they were to come would jeopardize the intellectual property. no layoffs with not pre-announcing ? That's downright comical. Look, there are plenty of ways to handle the question of layoffs and closures. Even a grade school marketing student could put a positive spin on streamlining an operation to refocus on core markets. In fact, it would be hard to imagine how they could have handled this worse! Had they started the process a year ago, they could have kept on the core developers and maintained and kept the operation going. They could have saved money by executing correctly and being honest about their intentions. Instead, we have shareholders trying to mask incompetence with some story about a deliberate lie being evidence of good leadership. Remind me again to trust nothing Cowpland says. Mike Cowpland - The stock trade will fore-ever be open to debate. I personally do find it possible that he was notified of channel inventory and write-offs after the sell. Who know's what the politcal agendas inside Corel were at that time. Notice that Mike Cowpland and Chuck Norris are both named in the law-suits. I think it is possible that Cowpland was given bad information. It Financial performance is increasing, channel is clean, retail sales increase, and the company continues to fund pretty strong R&D. The next two quarters will be interesting and will be more telling than any other quarters as to Corel's longevity.
