Reuters: FOCUS-Corel reports weak quarter on transition

"Corel Corp. reported a first-quarter loss of 19 cents per share on Monday and warned it doesn't expect its results to improve for another six months."

"First-quarter sales, which slid nearly 40 percent from the fourth quarter, reflected a traditionally weak period coupled with a shift to new markets such as Linux, the company said." Corel, which said manufacture of WordPerfect Office 2000 for Linux will begin on Tuesday, reported $2.3 million in Linux sales in the quarter -- down from $3.2 million in the previous quarter."

"'Exactly when the takeoff occurs is not easy to nail,' said Chief Executive Michael Cowpland in a conference call."

Press release.

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