Sphere 3D Corp. (ANY)

[commoncentsinvestor]

#theevolutionofthebearthesis #2

Sphere makes agreement with Corel. Sphere bashers at the time say:

"The deal with Corel amounts to a Value Added Reseller (VAR) arrangement - essentially allowing Sphere to market Corel products to end-users. There are likely tens of thousands of VARs operating in the enterprise software space in Canada - some of whom are surely already reselling Corel products. As for Corel itself, it remains a bit player in the productivity software space - if Sphere 3D's product was so compelling why is only a 3rd tier productivity vendor working with them?"

So basically the argument was that the Corel deal was of little or no consequence.

BUT,

eventually the deal did not proceed. Nowhere have I ever seen anything written as to whether it was Sphere or Corel who decided to kill the deal. So that is an unknown. But ever since, the bear thesis has become: Sphere and GlassWare are no good because that BIG, IMPORTANT Corel deal didn't work out.

#theartofobfuscation