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

To: Frank Ferrari who wrote (5598)	9/24/1998 5:36:00 PM
From: Scott Volmar	Respond to of 9798

Frank, My take: The reuslts are only OK. Corel is actually about $3M worse off now than at the end of Q2. Current Liabilities exceed Current Assets by $3M from Q2. Even though the sales increased, so did A/R. Are these bonafide collectible receivables in 30 days or is this channel stuffing to increase sales? With A/R increasing by $12M and the charge-off at $15M, it makes you wonder. Also, with A/P 15.5M higher, the slight increase in cash of $2.5M is only academic. Cash is even more tightly constricted than at the end of Q2. On a positive note, if the increase in sales is not "stuffing" then Corel may be poised for a better Q4 with the Holidays around the corner and a new academic year starting. The real story of a "better than expected" third quarter will be decided in the markets tomorrow. Scott