"Company says hike could be on back of Red Hat IPO"
"Corel Corp. shares touched a 52-week high yesterday in heavy trading, a jump that
echoed last week's sudden climb."
"Like last week, the rise appears to be based on almost no news about the company. The only news
was an agreement that will put Corel's WordPerfect Office 2000 software on laptop computers
made by Eurocom Corp. of Ottawa."
"Catherine Hughes, a spokeswoman for Corel, said the firm attributed its recent share price rise to
three things: The stock is undervalued in the company's opinion, some analysts have revised their
estimates for Corel's third- and fourth-quarter earnings, and the company is planning to release
new versions of all its software for the Linux operating system."
