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


To: A. Reader who wrote (6364)3/22/1999 6:33:00 PM
From: A. Reader  Read Replies (1) | Respond to of 9798
 
-Please join Corel Corporation's Dr. Michael Cowpland, president and CEO, Michael O'Reilly, executive vice president finance and CFO, and members of Corel's senior management team, for a teleforum on Wednesday, March 24, 1999 at 5:00 p.m. (eastern standard time) to discuss 1999 Q1 results.

Should you wish to participate, please dial the teleforum number 416-695-9399 approximately ten minutes before 5:00 p.m. An instant replay number will be provided for 24 hours commencing one hour after the end of the teleforum. The instant replay number is 416-695-5800, pass code access number 254792.
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To: A. Reader who wrote (6364)3/23/1999 9:55:00 PM
From: Scott Volmar  Read Replies (2) | Respond to of 9798
 
Hello Kurt, Thanks for your post. You pointed to the massive management turnover during the past year, culminating with the departure of Mr. Sylvester. Isn't it interesting that the "turnover" of products and projects over the past three years have been equally as large? Corel has gone from pet projects like education, game, and special interest titles; from Office for Java to jBridge; from video-conferencing to the NC and Corel Computer. Mix in a little palm-top technology and what do you get? A trading range from $18 to $2-3/16 per share. (Not to mention $1.06 in between.) You name it, Corel has tried it.

The discouraging thing right now is that Corel seems to be headed in similarly uncertain directions. I wish that Corel would scrub 90% of its R & D spending and put the cash into "effective promotion" of its flagship products. Without the support of strong sales of existing products, any further R & D spending will be moot. JMHO.

Cheers.

Scott