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PLCOM: Investors push up Corel shares again

Jul 15, 1999, 20:46 (7 Talkback[s])
(Other stories by Jill Vardy)

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Thanks to Peter Crane for this link.

"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."

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