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

To: Guaranteed who wrote (6138)	1/27/1999 9:53:00 PM
From: James P Shaw	Read Replies (4) \| Respond to of 9798

That's about 3% of their outstanding shares (I think it 60-70 million shares outstanding). As, I think it was he, A.Reader said, the revenue is flat (and most likely wont grow, forget making any $$ on Linux version, they expect it to be free, that's why its popular, duh!). Draw and WordPerfect can continue to be cash cows, provided they don't spend too much in advertising, sales and R&D (by the way, R&D to software shops also includes fixing bugs). Although they announced that they were going to spend 10-15% more on R&D. Since a lot of companies are preparing/cringing for Y2K issues, the upgrades to WordPerfect 2000 may not be such a 'sure-thing'. Many will probably take the opportunity to switch to MS Office 2000. As Reader says, only time will tell if the sales go up. It is good to see that they finally dropped the NC product (it will be interesting to see who buys Corel Video). Pretty bad when you have to sell to a SUN workstation tech support company. If Corel couldn't make it work (at least they are known on the industry). I guess we have Dr Matthews to thank for helping MC unload the NC. MC was right in trying to develop new products, to help drive Corel. It made perfect business sense, use Draw and WordPerfect as cash cows, and fund new development (COGNOS did it for Impromptu, PowerHouse funded the R&D for Impromptu and PowerPlay, which now run the show at COGNOS). Unfortunately, they chose the Java/Internet arena, and were not successfull (bad design and terrible mis-understanding of the development platform and their initial product offering). The multimedia was another fiasco, as well as their Hand-held (cancelled very quickly) and the NC and Video. A lot of strikes against the company. Ciao! Jim Shaw