National Post: Cowpland sees profit this year

[ Thanks to Kevin Reichard for this link. ]

"Though Corel Corp. has come through a period in which the future of the software vendor was in doubt, Michael Cowpland, the Ottawa-based company's chief executive and founder, said yesterday all the pieces are in place for a return to profitability by the end of the year."

"We've got $25-million in the bank, so that's not an issue, and we're making good progress in our cost savings, so there will be no more layoffs," he said, in an interview following his keynote speech to the Comdex Canada trade show."

"We're also looking towards a major product launch in the fourth quarter, and that's why, as we've previously said, we expect to be profitable by Q4."

Complete Story

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