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CNET News.com/Reuters: Corel's stock climbs amid CFO departure news

Dec 17, 1999, 01:28 (0 Talkback[s])

"Traders kept a close eye on Corel's market performance after a 24 percent plunge on yesterday as the software developer announced the departure of Michael O'Reilly."

"Analysts said the surprising departure of O'Reilly--key to the firm's return to profitability and control of expenses--was a blow to Corel's credibility."

"Despite that, investors snapped up Corel shares as chief executive Michael Cowpland appeared at The Bazaar, a New York trade show for Linux and open-source software development."

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