SEC requires a worst case scenario. Yes the merger did not go through but Corel still has liquid investments and many options for other financing. This will only be required if revenues continue to decline. We will know for sure in a few weeks but early indications are that sales are picking up after the Y2K dip and there is new revenue coming in from CLOS and WPO4L. Remember there was a 55,000 seat sale to DoJ and $4 million to Cdn Govt that will start to show up this quarter. The problem with the media is that they took the three ifs and a may out and turned it into 'Corel is going bankrupt'. Not quite a fair statement.
Corel is doing just fine thank you. The lack of cash story was made up by trashy Canadian newspaper and has been debunked. Corel Photopaint for Linux is due out in a couple weeks, CD9 for Linux is due out in July and CD10(win) is in Beta now.
We developed TradeXCHTM because the computer industry needed a UNIX/Linux client for MSExchangeTM with Outlook functionality. TradeXCH bridges the gap between Outlook users and UNIX/Linux users allowing them to work together.
Results...the entire enterprise communicates as one, scheduling and calendaring are enabled throughout, and global addressing becomes a reality.
Bynari enhanced TradeClient and created TradeXCH. TradeClient now exists as a separate LGPL project in the Open Source community. Bynari's developers have made it a free software project.
Bynari's TradeXCH fulfills the enterprise gap by enabling a number of messaging protocols to communicate so that various platforms can work together --the way systems designers intended.
Currently, TradeXCH runs on X86 processor versions of Linux. You can request versions for IBM's AIX, Solaris X86 and Sparc, HP UNIX and Alpha True64 UNIX/Linux operating systems.
You may want to consider TradeServerTM as a Linux migration path from Microsoft ExchangeTM. TradeServer combines the full funtionality and inter-operability of Bynari's TradeclientTM, as well as Microsoft's OutlookTM client, using standards based non-proprietary protocols.
Features:
TradeServer functionality includes the following:
Interoperability with Outlook 2000, and earlier versions of Outlook A cost effective alternative to proprietary software solutions, resulting in a significant reduction of Total Cost of Ownersip (TCO).
Stability and robustness of the Linux OS for a scalable, reliable platform suited for stand alone and distributed deployment models.
Excellent scalability from stand alone installation to distributed deployments, with support for multiple databases, and one MILLION entries per database. X based configuration and administration tools, as well as a web based administration option, allows for a variety of methods for deployment and management
Use of Debian and Corel Desktop Important to Strategy
Dateline Dallas May 18, 2000 - Bynari Inc.'s Product Development Group announced that the Company will bundle TradeXCH with Corel 1.1 and Corel's Office2000 for Linux. TradeServer, due for release the week of May 23rd also requires Debian. The Product Development Group plans to bundle TradeServer and its LGPL product, Tradeclient with Corel's latest distribution.
TradeXCH allows Linux desktop users to communicate with Windows users of Outlook through MS Exchange. The use of Corel 1.1 allows TradeXCH to function in a GNU/Linux distribution which speaks to Windows networks and UNIX NFS computers.
"We feel this bundle gives enterprises a new choice," Bynari's Product Manager says. "Users have all the functionality of a robust productivity environment, a distribution which promotes corporate convergence and a tool to allows Windows users to communicate with and collaborate with Linux users in a way theu have become accustomed."
Bynari will support the Corel-TradeXCH bundle with toll free call support in Canada and the United States.
More extensive information about Bynari initiatives with Corel products will be released in the next week through Bynari's Marketing Director, Lary Freeman, who has led the Company's efforts in forming several strategic alliances.
The share price of Corel declined over the past several months for several reasons. First it fell along with all the others in the tech meltdown, it would have fallen anyways due to the dilution of the shares the merger would have involved. Lastly, a bunch of shareholders launched lawsuits to stop the merger. The fol is what a shareholder received with his cheque following the settlement of the Borland suit:
May 8, 2000
Re: Borland Securities Litigation Settlement Fund
Claim Nbr.: BOR- XXXXXX-X
Check Amount: $38.09
Dear Class Member:
Attached is a check for your pro-rata share of the Net Settlement Fund in the Borland Securities Litigation. This distribution has been calculated in accordance with the Court approved Plan of Allocation described in the Second Notice of Proposed Settlement previously sent to you.
Please be advised that over 19,489 Proof of Claim forms were filed with total Claims exceeding $203,646,030. The Net Settlement Fund available for distribution is $7,110,752.
In addition, be advised that all applicable taxes have been paid on the interest earned by the fund while it was invested pending distribution. You should consult your tax adviser to determine the tax consequences, if any, of this distribution.
Very truly yours,
MILBERG WEISS BERSHAD HYNES & LERACH LLP
BARRACK, RODOS & BACINE
KAPLAN, KILSHEIMER & FOX
--------------------------------------------
Some thoughts:
The Borland settlement regards trades made between March 5, 1991 and December 9, 1992. Seems that the wheels of justice [?] turn very s l o w l y. Let's not hold our collective breath waiting for the recent Corel lawsuits to be settled.
You will notice that these crackshot attorneys managed to recover a $7M kitty to cover the $203M total claims from shareholders.
Wonder if their fees were covered proportionally? Anyway, just because a bunch of attorneys has now decided to sue Corel for some outrageous figure does not mean that they will ever collect anywhere near the claimed amount, or anything at all for that matter.
These first 100 shares of my Borland investment cost $37 1/2 in 1992. They were followed by purchases of 500 shares for $15 in 1995 and 300 shares for 14 7/8 in 1996. Sold them all for 5 3/4 in 1999. Boy, that $38 check sure makes me feel better!
What's the point here, beyond the obvious lack of investment skill? [Trust me, there ARE many winners too!] Despite what you have read recently, Corel does not have a corner on lawsuits, declining share price, or management issues; nor is Borland [Inprise] immune to them. Take whatever sanctimonious posts you read from INPR investors with a LARGE grain of salt. And if you ever want to hear about about a flamboyant CEO who went off the deep end, just check out Phillipe Kahn, once shown on the front page of the WSJ dressed for one of his famous toga parties.
Yes, things aren't looking as bright as they were a few months ago. But Corel is just one OEM agreement, one M$-DOJ settlement, one upside surprise quarter from being the hot stock it was last November.
How many more kids have to die before Americans realize that too many readily avaiable guns are bad. Your constitution was written in 1776 when there was a very real threat of a British reinvasion. Well guess what? I think the threat is over.
Of course the kids were not firing back but this kid's marksmenship is phenominal considering he had never firered a real weapon before. The other point is the first time you actual kill something where it is a deer, pedgeon or person is a tramatic experience. Most people breakdown, puke or just shake. This kid went on to kill 6 more people all with head shots. The relationship to video games, marksmanship and desensitizing could'nt be clearer.
If a kid that never fired a real weapon before can go into a classroom and kill 7 kids all with head shots, then the video game he had played must be one hell of a simulator. Do you know how hard it is for trained pers to get head shots? Most dont even try it as it is a low percentage shot.
I have it installed on a couple machines at the office and at home. It is working ok for us. I have to say it is a big improvement over what was available before.
I hope they make some form of DS9 movie. The last years were very interesting and the space battles were fantastic. The Sulu idea is good. What we really need is more Aliens/Space Marines movies.
Looking at the feature set I don't see anything that Corel WPO4L does not have. I have been using WordPerfect for 15 years so I am biased. At least I can use the same file formats that have not changed since ver 6. Publish to pdf is handy as well as the real time preview. I hope to see the side by side review promised by the slashdot reader in the future.
Moller has been working on their skycar car for years now and are about to get FAA certification which means they could start production within a year. Here is what there president says:
The flights of our two-passenger experimental M200X in the early 1990's gave my staff and I great personal satisfaction. As the pilot, I really felt like a hummingbird moving up, down, forward and backward at will. Flying on a magic carpet was another apt description. This first year in the new millennium will see us achieving another significant goal with the flight of the 4-passenger M400 Skycar. The M400 is a production configuration, meaning that it is essentially the same as what you will use in the very near future. Right now our team is busily testing the components which will, working together, give our society an alternative to the automobile for personal transportation. No more hours spent sitting on the congested highways adding pollutants to our environment. Facing unsafe drivers, poor driving conditions and overcrowded roads will become a thing of the past.
I agree that if they are going to review alpha/beta versions of other packages that they should review the beta of Corel's new suite. Other reviews for Corel's WPO2K4L should be out any time now since it has been out to beta testers since Jan. Gary Krakow already looked at an alpha verson and wrote in his 14 Jan MSNBC review of CLOS "But, I'm saving the best for last. Early next month at Linux World in New York City, Corel is announcing their Office Suite 2000 for Linux. I have a copy of the Alpha. I've seen it in action, and I can tell you that it works really smoothly and seamlessly. Seems like it's part of the operating system. I think that's what they were trying to do. Expect Office Suite 2000 for Linux to ship early this spring. I've been living with Corel on my computers for more than a month and I still find myself marveling at how easy it is to get used to this OS distribution. I also know why other writers and reviews are giving Corel's Linux top marks. If you've been waiting to see what this highly publicized Linux thing is all about, this is the easiest way I've found to do so. Highly recommended."
Didn't they lose a spacecraft due to not converting measurements in a program? BTW I think they mean 24.18 cm = 9.52 in m = metres cm = centimetres 100 = 1 metre mm= millimetres 1000 = 1 metre
A Modest Proposal Re:Not so cheap
on
On to Mars
·
· Score: 2
Until mankind renounces monetary systems (ala Star Trek's Federation) will we get around the problem of funding space exploration. What we need to do is find a way of funding a UN space agency or private companies. Looking at the graft and corruption that goes on at the UN, I think private companies are the way to go. Lets auction off the mining rights to parts of the moon or mars. The early railroads were built by the private companies that were lured by land grants etc. Another way of funding would be to put a tax of.00001% on all monetary transfers between countries. Considering trillions of dollars are traded daily, it would not take long to fund a space program. I guess we have to decide which is more important. World peace, ending hunger, desease, poverty or puting a handful of people on another planet.
I actually read the article and thought that it was well written and presented the information in a fair a balanced(somewhat) manner. A complete contrast to the Raynovich article on Corel just before Christmas. His was a scathing personnal attack on Cowpland full of retoric, half truths and junk. And he is listed as an investment editor. That aside, the article points out that maybe Cowpland is not the foolish stock promoter and his investments in these Linux companies may be part of a strategy to provide an alternative OS, applications and support. Exactly what Microsoft needs to show that they have competition and save themselves from breakup. Ironic since Corel was almost destroyed by M$.
There have been rumours that IBM has reduced significantly its Lotus developers section and encouraged some of them to transfer to other depts. IBM would be better off just buying Corel for their Linnux expertise and distribution.IMHO
Check out the PC Magazine customer satisfation surveys. M$ Office may be the most used but they always get poor satisfaction ratings. WordPerfect on the other hand has very high satisfaction surveys. It has already been documented in the JOJ trial that Microsoft used its illegal monopoly position and control of the windows OS to take control of the corporate market. Corel has maintained a lead in the retail market where the users choose for themselves rather than having some corporate drone force it on them. An interesting developement is that starting next year Corel will be able to offer their Corel Linux OS with a full suite of applications. given a fair competition, Corel will always beat M$ on price and performance. It is the start of a brave new world. Cheers, Frank
I used enable and remember it fondly. Their 3 D charting was miles ahead of anyone else at the time. They went the way of some other great programs like PC Tools, Harvard Graphics, X Tree Gold, etc. All crushed illegaly by Microsoft. Back to Corel. All they want is a chance to bid. They still might not get the contract but they should at least have a chance.
I can see this happening and it is about time. Microsoft got too greedy and broke the rules. IE is a good case in point. Do you think M$ could afforded to develop IE and then give it away if it did not have a lock on the OS and Office suite markets? Even then it had to muscle companies to not offer netscape. Same for Office suite market. I would not mind M$ controlling everything if upgades for bug fixes were free instead of the same price as the original. Lets see how they make out when all they have is one chunk of the market to compete in.
Corel did slip up but quickly corrected themselves even though it was a closed beta test. That is history now. What concerns me is that Slashdot has run two stories in the past week concerning Corel that turned out to be false or ill conceived . Unsual in that they both required retractions. Let us hope that a lesson has been learned and move on. There are lots of average people investing in RedHat and Corel now because they beleive in open source and can see their potential to succeed. Since my kids college funds now depend on Corel's stockprice, I am concerned when they are unfairly accused. It is a good thing the market was not open when the last piece came out./. might have had a law suit on its hands.
Slashdot Mirror
SEC requires a worst case scenario. Yes the merger did not go through but Corel still has liquid investments and many options for other financing. This will only be required if revenues continue to decline. We will know for sure in a few weeks but early indications are that sales are picking up after the Y2K dip and there is new revenue coming in from CLOS and WPO4L. Remember there was a 55,000 seat sale to DoJ and $4 million to Cdn Govt that will start to show up this quarter. The problem with the media is that they took the three ifs and a may out and turned it into 'Corel is going bankrupt'. Not quite a fair statement.
Pretty amazing to have made such an impression in just 6 months.
Corel is doing just fine thank you. The lack of cash story was made up by trashy Canadian newspaper and has been debunked. Corel Photopaint for Linux is due out in a couple weeks, CD9 for Linux is due out in July and CD10(win) is in Beta now.
We developed TradeXCHTM because the computer industry needed a UNIX/Linux client for MSExchangeTM with Outlook functionality. TradeXCH bridges the gap between Outlook users and UNIX/Linux users allowing them to work together.
Results...the entire enterprise communicates as one, scheduling and calendaring are enabled throughout, and global addressing becomes a reality.
Bynari enhanced TradeClient and created TradeXCH. TradeClient now exists as a separate LGPL project in the Open Source community. Bynari's developers have made it a free software project.
Bynari's TradeXCH fulfills the enterprise gap by enabling a number of messaging protocols to communicate so that various platforms can work together --the way systems designers intended.
Currently, TradeXCH runs on X86 processor versions of Linux. You can request versions for IBM's AIX, Solaris X86 and Sparc, HP UNIX and Alpha True64 UNIX/Linux operating systems.
You may want to consider TradeServerTM as a Linux migration path from Microsoft ExchangeTM. TradeServer combines the full funtionality and inter-operability of Bynari's TradeclientTM, as well as Microsoft's OutlookTM client, using standards based non-proprietary protocols.
Features:
TradeServer functionality includes the following:
Interoperability with Outlook 2000, and earlier versions of Outlook A cost effective alternative to proprietary software solutions, resulting in a significant reduction of Total Cost of Ownersip (TCO).
Stability and robustness of the Linux OS for a scalable, reliable platform suited for stand alone and distributed deployment models.
Excellent scalability from stand alone installation to distributed deployments, with support for multiple databases, and one MILLION entries per database. X based configuration and administration tools, as well as a web based administration option, allows for a variety of methods for deployment and management
From linuxpr
================================================
Bynari To Bundle Trade Products with Corel
May 18th, 12:39 UTC
Use of Debian and Corel Desktop Important to Strategy
Dateline Dallas May 18, 2000 - Bynari Inc.'s Product Development Group announced that the Company will bundle TradeXCH with Corel 1.1 and Corel's Office2000 for Linux. TradeServer, due for release the week of May 23rd also requires Debian. The Product Development Group plans to bundle TradeServer and its LGPL product, Tradeclient with Corel's latest distribution.
TradeXCH allows Linux desktop users to communicate with Windows users of Outlook through MS Exchange. The use of Corel 1.1 allows TradeXCH to function in a GNU/Linux distribution which speaks to Windows networks and UNIX NFS computers.
"We feel this bundle gives enterprises a new choice," Bynari's Product Manager says. "Users have all the functionality of a robust productivity environment, a distribution which promotes corporate convergence and a tool to allows Windows users to communicate with and collaborate with Linux users in a way theu have become accustomed."
Bynari will support the Corel-TradeXCH bundle with toll free call support in Canada and the United States.
More extensive information about Bynari initiatives with Corel products will be released in the next week through Bynari's Marketing Director, Lary Freeman, who has led the Company's efforts in forming several strategic alliances.
From the Office of the CEO, Bynari Inc.
Bynari Inc.
2512 Program Drive Suite 108
Dallas, TX 75220
1-800-241-1086
1-214-350-5772
info@bynari.com
http://www.bynari.com
================================================
May 8, 2000
Re: Borland Securities Litigation Settlement Fund
Claim Nbr.: BOR- XXXXXX-X
Check Amount: $38.09
Dear Class Member:
Attached is a check for your pro-rata share of the Net Settlement Fund in the Borland Securities Litigation. This distribution has been calculated in accordance with the Court approved Plan of Allocation described in the Second Notice of Proposed Settlement previously sent to you.
Please be advised that over 19,489 Proof of Claim forms were filed with total Claims exceeding $203,646,030. The Net Settlement Fund available for distribution is $7,110,752.
In addition, be advised that all applicable taxes have been paid on the interest earned by the fund while it was invested pending distribution. You should consult your tax adviser to determine the tax consequences, if any, of this distribution.
Very truly yours,
MILBERG WEISS BERSHAD HYNES & LERACH LLP
BARRACK, RODOS & BACINE
KAPLAN, KILSHEIMER & FOX
--------------------------------------------
Some thoughts:
The Borland settlement regards trades made between March 5, 1991 and December 9, 1992. Seems that the wheels of justice [?] turn very s l o w l y. Let's not hold our collective breath waiting for the recent Corel lawsuits to be settled.
You will notice that these crackshot attorneys managed to recover a $7M kitty to cover the $203M total claims from shareholders.
Wonder if their fees were covered proportionally? Anyway, just because a bunch of attorneys has now decided to sue Corel for some outrageous figure does not mean that they will ever collect anywhere near the claimed amount, or anything at all for that matter.
These first 100 shares of my Borland investment cost $37 1/2 in 1992. They were followed by purchases of 500 shares for $15 in 1995 and 300 shares for 14 7/8 in 1996. Sold them all for 5 3/4 in 1999. Boy, that $38 check sure makes me feel better!
What's the point here, beyond the obvious lack of investment skill? [Trust me, there ARE many winners too!] Despite what you have read recently, Corel does not have a corner on lawsuits, declining share price, or management issues; nor is Borland [Inprise] immune to them. Take whatever sanctimonious posts you read from INPR investors with a LARGE grain of salt. And if you ever want to hear about about a flamboyant CEO who went off the deep end, just check out Phillipe Kahn, once shown on the front page of the WSJ dressed for one of his famous toga parties.
Yes, things aren't looking as bright as they were a few months ago. But Corel is just one OEM agreement, one M$-DOJ settlement, one upside surprise quarter from being the hot stock it was last November.
- Connecticut Yankee -
How many more kids have to die before Americans realize that too many readily avaiable guns are bad. Your constitution was written in 1776 when there was a very real threat of a British reinvasion. Well guess what? I think the threat is over.
Of course the kids were not firing back but this kid's marksmenship is phenominal considering he had never firered a real weapon before. The other point is the first time you actual kill something where it is a deer, pedgeon or person is a tramatic experience. Most people breakdown, puke or just shake. This kid went on to kill 6 more people all with head shots. The relationship to video games, marksmanship and desensitizing could'nt be clearer.
If a kid that never fired a real weapon before can go into a classroom and kill 7 kids all with head shots, then the video game he had played must be one hell of a simulator. Do you know how hard it is for trained pers to get head shots? Most dont even try it as it is a low percentage shot.
I have it installed on a couple machines at the office and at home. It is working ok for us. I have to say it is a big improvement over what was available before.
I hope they make some form of DS9 movie. The last years were very interesting and the space battles were fantastic. The Sulu idea is good. What we really need is more Aliens/Space Marines movies.
Looking at the feature set I don't see anything that Corel WPO4L does not have. I have been using WordPerfect for 15 years so I am biased. At least I can use the same file formats that have not changed since ver 6. Publish to pdf is handy as well as the real time preview. I hope to see the side by side review promised by the slashdot reader in the future.
The flights of our two-passenger experimental M200X in the early 1990's gave my staff and I great personal satisfaction. As the pilot, I really felt like a hummingbird moving up, down, forward and backward at will. Flying on a magic carpet was another apt description. This first year in the new millennium will see us achieving another significant goal with the flight of the 4-passenger M400 Skycar. The M400 is a production configuration, meaning that it is essentially the same as what you will use in the very near future. Right now our team is busily testing the components which will, working together, give our society an alternative to the automobile for personal transportation. No more hours spent sitting on the congested highways adding pollutants to our environment. Facing unsafe drivers, poor driving conditions and overcrowded roads will become a thing of the past.
They would take out all the beta debug code of the shipping version which would speed it up considerably. Worked fine for me.
I agree that if they are going to review alpha/beta versions of other packages that they should review the beta of Corel's new suite. Other reviews for Corel's WPO2K4L should be out any time now since it has been out to beta testers since Jan. Gary Krakow already looked at an alpha verson and wrote in his 14 Jan MSNBC review of CLOS "But, I'm saving the best for last. Early next month at Linux World in New York City, Corel is announcing their Office Suite 2000 for Linux. I have a copy of the Alpha. I've seen it in action, and I can tell you that it works really smoothly and seamlessly. Seems like it's part of the operating system. I think that's what they were trying to do. Expect Office Suite 2000 for Linux to ship early this spring. I've been living with Corel on my computers for more than a month and I still find myself marveling at how easy it is to get used to this OS distribution. I also know why other writers and reviews are giving Corel's Linux top marks. If you've been waiting to see what this highly publicized Linux thing is all about, this is the easiest way I've found to do so. Highly recommended."
Didn't they lose a spacecraft due to not converting measurements in a program? BTW I think they mean 24.18 cm = 9.52 in m = metres cm = centimetres 100 = 1 metre mm= millimetres 1000 = 1 metre
Until mankind renounces monetary systems (ala Star Trek's Federation) will we get around the problem of funding space exploration. What we need to do is find a way of funding a UN space agency or private companies. Looking at the graft and corruption that goes on at the UN, I think private companies are the way to go. Lets auction off the mining rights to parts of the moon or mars. The early railroads were built by the private companies that were lured by land grants etc. Another way of funding would be to put a tax of .00001% on all monetary transfers between countries. Considering trillions of dollars are traded daily, it would not take long to fund a space program. I guess we have to decide which is more important. World peace, ending hunger, desease, poverty or puting a handful of people on another planet.
I actually read the article and thought that it was well written and presented the information in a fair a balanced(somewhat) manner. A complete contrast to the Raynovich article on Corel just before Christmas. His was a scathing personnal attack on Cowpland full of retoric, half truths and junk. And he is listed as an investment editor. That aside, the article points out that maybe Cowpland is not the foolish stock promoter and his investments in these Linux companies may be part of a strategy to provide an alternative OS, applications and support. Exactly what Microsoft needs to show that they have competition and save themselves from breakup. Ironic since Corel was almost destroyed by M$.
There have been rumours that IBM has reduced significantly its Lotus developers section and encouraged some of them to transfer to other depts. IBM would be better off just buying Corel for their Linnux expertise and distribution.IMHO
Check out the PC Magazine customer satisfation surveys. M$ Office may be the most used but they always get poor satisfaction ratings. WordPerfect on the other hand has very high satisfaction surveys. It has already been documented in the JOJ trial that Microsoft used its illegal monopoly position and control of the windows OS to take control of the corporate market. Corel has maintained a lead in the retail market where the users choose for themselves rather than having some corporate drone force it on them. An interesting developement is that starting next year Corel will be able to offer their Corel Linux OS with a full suite of applications. given a fair competition, Corel will always beat M$ on price and performance. It is the start of a brave new world. Cheers, Frank
I used enable and remember it fondly. Their 3 D charting was miles ahead of anyone else at the time. They went the way of some other great programs like PC Tools, Harvard Graphics, X Tree Gold, etc. All crushed illegaly by Microsoft. Back to Corel. All they want is a chance to bid. They still might not get the contract but they should at least have a chance.
It is probally sitting there with a blue screen waiting for someone to reboot it.
I can see this happening and it is about time. Microsoft got too greedy and broke the rules. IE is a good case in point. Do you think M$ could afforded to develop IE and then give it away if it did not have a lock on the OS and Office suite markets? Even then it had to muscle companies to not offer netscape. Same for Office suite market. I would not mind M$ controlling everything if upgades for bug fixes were free instead of the same price as the original. Lets see how they make out when all they have is one chunk of the market to compete in.
Corel did slip up but quickly corrected themselves even though it was a closed beta test. That is history now. What concerns me is that Slashdot has run two stories in the past week concerning Corel that turned out to be false or ill conceived . Unsual in that they both required retractions. Let us hope that a lesson has been learned and move on. There are lots of average people investing in RedHat and Corel now because they beleive in open source and can see their potential to succeed. Since my kids college funds now depend on Corel's stockprice, I am concerned when they are unfairly accused. It is a good thing the market was not open when the last piece came out. /. might have had a law suit on its hands.
There is already a solar panel charger for laptops but it is expensive.