April 3 2009 research report:

"Corel witnessed a steep downturn in business in 1Q 09 on account of ongoing the macro-economic slowdown which we believe will have affected relationships with small OEMs, distributors and strategic partners on which Corel relies for generating revenues. We believe any significant terminations of such relationships will have a negative impact on Corel's top-line growth. We see further slowdown in Corel's top-line on account..."

http://blogs.iirgroup.com/?p=11732


Comments on recent run-up without news:

"..suggest a SELL, based on our fundamental rating.."

http://blogs.iirgroup.com/?p=13598