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


To: VerificateASAP who wrote (6080)1/23/1999 4:51:00 PM
From: Wizzer  Read Replies (2) | Respond to of 9798
 
Wall Street always pays a premium for a conservative growth stock. So far im seeing the stock trade at half of the expected future price.

This is perhaps were I disagree the most. I feel that Corel will have low or no growth. Total sales will remain fairly flat for the year. We shall see. Bottom line may continue to improve, but the marginal utility Corel will get from decreasing Advertising, R&D, etc.... will soon diminish as to be detrimental to the company. On the surface it may look like streamlining of costs, as the CFO mentioned which would imply still receiving the same benefit at reduced cost. Truth is that these costs are just being cut which is much worse IMO. Streamlining is not the appropriate word here, and some variation of axe may be more appropriate.

Regards, Wisam