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

To: Steve who wrote (5684)	10/12/1998 8:40:00 PM
From: A. Reader	Respond to of 9798

>>>So tell me, your at the helm of Corel with a maturing product, growth is slowing, what do you do? <<< Sell my stock!

To: Steve who wrote (5684)	10/13/1998 1:04:00 AM
From: Wizzer	Respond to of 9798

You talk if Corel is the only company that has had channel inventory problems. I'm not saying Corel is the only company to "channel stuff". The subject at hand is Corel, as the thread is called. I would be equally pissed off with any company that was counting revenue before the product was sold. It fudges the numbers in the financials. There is a more responsible accounting policy in place now, but that doesn't change the time when I became a shareholder. To say the office suite market is a niche market is ludicrous 26 million users is hardly a niche (your statement regarding this was muddled) If you had read my explanation of this, and noticed that I used quotation marks in my post, you would understand my meaning ("niche" meaning I am loosely using that word in a qualified way). What I am saying is that many Corel product users were sophisticated computer users, who understand what a quality product was. Most sophisticated users preferred Corel because of it's consistency and power. Those that wanted the "glitzy Bill Gates assembly line products" were often not savvy users. Microsoft products typically were and still are a pain in the ass. Corel offered a quality product to those that would appreciate it, and that is why I called it a "niche" market. CorelDraw was a fantastic product from the early 1990's that nothing could compare to. while under Corel's ownership WordPerfect market share has gone up from 17 percent to 28 percent overall. Your cup is "half full, instead of half empty" like mine is. I see a reduction of market share from 58% in 1997 to 28% now, as you have indicated. To each their own. I am sure Corel made some mistakes, but as soon as the problem came to the surface the company leaped into to action to remedy it. The only reason Corel did that was because the "heat" was on for a long time in regards to "channel stuffing" with other companies. If MC was so concerned about it, why didn't he check whether his own company was doing the same, after hearing that other companies were getting "fried" in the market because of the same problem? Tell me how quick he was to react, when this type of "inventory shenanigans" was already in the public eye for some time? Maybe MC held the problem below the surface for a while, before allowing it to surface, then blamed it on the auditors, and in the meantime sold a whole lot of stock to an unsuspecting market before he revealed this problem. In fact you could say that he "leaped" to sell his shares before the public knew. In late '97 the Corel website finally defined what "sales in" and "sales out" was. Why hadn't they done that before, as an addendum to their financial reports? Regards, Wisam