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Wired/Reuters: Corel Needs New Plan

May 17, 2000, 22:35 (1 Talkback[s])

"Canadian software developer Corel must find a new cure to resuscitate its moribund business now that its largest-ever acquisition has been killed, analysts said."

"They suggested that if the embattled firm cannot quickly revive its business, the company may be forced to sell off its operations as a whole or in parts...."

"Corel is caught in a Catch-22, said Jean W. Orr, analyst at Bluestone Capital Partners in New York. The company desperately needs new technology to generate sales, but to fund that development it must first turn a profit."

"It's in danger of becoming history," said Orr, a long-time Corel analyst. "Three or four years ago they were chasing too many things ... now the initiative is in the Linux area and I think that is too narrow."

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