What is Digg?34 Comments
- apotropaic, on 10/12/2007, -1/+7Huh... I thought corel was kinda dead... time to visit their website I guess...
- goodnewsevery1, on 10/12/2007, -0/+4I used to use JASC Paintshop Pro, then Corel bought them out and destroyed the product.
- burnt1ce85, on 10/12/2007, -0/+3I invested in corel 4-5 years ago and first gained but then lost even more. A lot more. i personally think they're dead.
- dickyducky, on 10/12/2007, -0/+3who buys corel products nowadays, REALLY?!!
- inactive, on 10/12/2007, -0/+3corel never died, it just axed its linux stuff (worse IMO) after a huge investment from microsoft
- neggbird, on 10/12/2007, -2/+5Who would buy shares in a dead company?
- mmansoor, on 10/12/2007, -0/+3Mark my words, the Glory days for Corel are over fellas. There isn't much juice in it.
- DASH, on 10/12/2007, -0/+3Kevin can I borrow a few dollars?
- swaxhog, on 10/12/2007, -0/+3I'd made a bundle on Corel during the Internet Boom. Bought at $1.50, sold at $50. Got to love hype. Trading stocks is like playing hot potato.
- superB, on 10/12/2007, -0/+2For all you digital SLR folks, Ive been using a Corel product for a while now, called Pixmantec RawShooter. Pixmantec is only owned by Corel, so Corel cant take all the credit. Its a solid app tho.
- jer2eydevil88, on 10/12/2007, -1/+2Because Dell ships their crapware bundled with every bargain - mid level consumer machine. Realistically you could get more return on your investment by just cementing some dollars and drop them off-board a ship in the middle of the ocean.
Anyone actually used Corel Office these days? I think Open Office 2 is far superior! - Nocturnalis, on 10/12/2007, -1/+2LOL man you guys said exactly what I would have said when I read the subject. Why would anyone purchace this stock especially at $18-20/share opening. I'd rather put my money in ethanol.
- zimm, on 10/12/2007, -0/+1get that stock down to the 5-8 dollar range where it belongs... lol
- theone3, on 10/12/2007, -1/+2Who knows? Maybe they've got something planned for the IPO $?
- punkcoder, on 10/12/2007, -0/+1Corel is more than just the Word Perfect office suite. Corel Draw is actually bigger than Illustrator in European countries. Corel purchased Paint Shop Pro from JASC, that's a great product. And then you have Painter, which is the best natural media application, period. They have some great graphics applications.
- geminitojanus, on 10/12/2007, -1/+2Heh, Seumas, Apple wrote me a blank check to Cancun over the past year and a half, so I can't argue. Some of the people I work with are talking about being "Google Millionarres" (though they really haven't made millions, just absorbant amounts of money). The idea is not to leave your money in tech stocks for long, because even a year is enough to make an incredible profit.
- inactive, on 10/12/2007, -1/+2The _only_ tech I own is that which is in my mutual funds (which runs about 10% to 15%). There is no way I would invest in individual tech companies. You would think people would have learned their lesson five years ago. :/
- Tyrekicker, on 10/12/2007, -1/+2I like tech as much as the next digger, but all of my spare pennies are in the resources sector at the moment.
Tech stocks are just too damn volatile for my liking. Sure, you can make a buck pretty quick, but you can lose it just as easily. - Ryosen, on 10/12/2007, -0/+1Now if they could just start producing quality products, we'd be in business.
Corel is like the "anti-midas". Everything they touch turns to crap. Case in point: Paint Shop Pro. It was a great product and quickly becoming a viable alternative to Photoshop for 90% of all raster-based graphic work. Then, Jasc was acquired by Corel, who quickly dumbed it down for home digital camera enthusiasts and ceased development of the higher-end features (e.g. typography, vector support, EPS compatibility).
Corel is also notorious for releasing buggy software and offering minimal software updates. They also charge for their product support and discourage peer-based support like forums. Yes, they have newsgroups, but they are clumsy at best and useless for anything but the most rudamentary questions. Jasc had a thriving and very active message board which Corel promptly killed off. Corel's answer to software updates it to buy the new version which, of course, is invariably buggier than the last.
I've had to bite the bullet and fork over the cash for Adobe's Photoshop but most people cannot afford $600+ to (legitimately) acquire better software. - crilen007, on 10/12/2007, -0/+1I'll take it!
- timwizard, on 10/12/2007, -1/+2Good. With the Macromedia/Adobe merger, another company becoming prominent in the market will keep everything quality.
- jj00, on 10/12/2007, -0/+1Did the same - thought their investment in Linux would pay off. Instead their stock nose-dived and all I got was a tax write-off. They even had a lawsuit against them for allegedly trying to hide losses to keep their stock price up (http://www.whafh.com/modules/case/?action=view&id=167).
- swaxhog, on 10/12/2007, -0/+1to robwistar: Hey, I didn't make the rules, I just played the game. I mean when you see a stock go up and up and up, you would be a fool not to buy in. The trick, or reality I guess, is that you need to know when the gig is up.
Another example was JDS Uniphase. I bought at $5, sold at $175. Bought a nice house =p Nortel is another example. I was selling when people where buying at $112. Damn 2000, was a good year. There are still certain stocks to make a good return on, but the stress of it was too much for me.
There was a contractor working for us that had invested in JDS for many years. He was planning on retiring with the money I think he had around 15,000 shares (I had 700). Then 1999-2000 came along, made him a boatload of cash on paper then it all crashed. He left before the stock tanked but I always wondered if he was smart and sold or kept thinking this was his financial nest egg and hold on. - blankoboy, on 10/12/2007, -0/+1You and me both. I lost a BOATLOAD on Corel and the rest of my savings on Rebel.com (con).
- jo42, on 10/12/2007, -0/+1Two words of advice:
"Run Away". - loginid, on 10/12/2007, -0/+1I don't know what the specifics of the relationship between Pixmantec and Corel are, but they are affiliated...If Corel really did buy Pixmantec, they made a good decision.
RawShooter is well respected in photographic circles. It performs very well.
If they continue to make decisions like this, they may be worthy of investor attention. - zonk3r, on 10/12/2007, -0/+1they should fix their products before going on to worrying about ipo's. buggy bloated messes... worse than an ms product.
btw, thanks for ***** up paint shop pro corel. - robwistar, on 10/12/2007, -0/+0"The idea is not to leave your money in tech stocks for long"
"Trading stocks is like playing hot potato."
That sound you hear is every financial advisor in the country smacking themselves on their respective foreheads. - Supermikee, on 10/12/2007, -0/+0This is going to be one joke of an IPO. I'd love to see their road show. We've been making less and less money year over year.. how about you invest in us
- Bullhead, on 10/12/2007, -0/+0I think its a bit harsh to bag a company who is raising money on the product/service they have right now... the whole point of an IPO is to raise additional capital to hopefully yield greater earnings. They're going to market with a Price to Earnings ratio of 20 based on earnings so far in 2006... not totally off it - Google's current P/E ratio is 81.86.
There IPO mentions selling into emerging markets (China) as a strategy as well as utilizing exiting OEM relationships with the likes of "Dell, Wacom and Hewlett-Packard, and online services companies, such as Google and Yahoo!". Who knows... it might work! I for one welcome companies who bring competition to the MS.
However, after reading the risks of the IPO i don't think i'll be buying! - OrangeTide, on 10/12/2007, -1/+18 Million shares? Well I'd buy one share AS A JOKE. but good luck finding 8 million people to buy one share each.
It is claimed that WordPerfect competes with Office, I suppose if you use a very loose definition of "compete". I suspect that OpenOffice/StarOffice/NeoOffice has a larger market share than WordPerfect. And OpenOffice is almost unknown outside of the tech community.
I'm still a fan of WordPerfect 5.1. Although I never use it anymore (I've switched to DocBook, LaTeX and troff). - inactive, on 10/12/2007, -3/+3Hahahah. Tech stocks. Hilarious!
Oh well, a sucker is born every minute. - proletarian, on 10/12/2007, -0/+0Is it just me or does this look like a bunch of Venture Capitalist clowns trying to get some suckers to buy this dog of a stock? Has Corel done ANYthing in the last few years?
I have a bridge for sale if anyone is interested.
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