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TechWeb: Corel Surge Leaves Analysts Puzzled

Mar 29, 2000, 16:24 (0 Talkback[s])

"Analysts were puzzled by gains as large as 17.5 percent in battered Corel shares Tuesday on the heels of a relatively minor licensing deal announced by the software developer."

"Bargain hunters looking for cheap software companies connected to the hot Linux operating system could be finding Corel's low price appealing, said Duncan Stewart, technology analyst and fund manager at Tera Capital."

"The strong gains Tuesday followed news that International Microcomputer Software Inc. (IMSI), which sells images over the Internet, will obtain 96,000 color graphics from Corel division GraphicCorp."

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