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Globe and Mail (Canada): Corel suffers big loss in first quarterMar 21, 2000, 18:57 (0 Talkback[s])
(Other stories by Simon Tuck)
"Corel Corp. has posted a devastating first quarter and is projecting similarly huge losses over the next two quarters, saying it may have to resume cutting costs to right itself."
"An analyst said Corel's problem is that its older software products -- WordPerfect office suite and CorelDraw graphics package -- are starting to slip sharply nothing new has yet filled the void."
"The... company's best hope for the future is now its Linux products, which include a Linux version of its office software package that will begin shipping today..."
"But there's bad news even with Linux... The company said yesterday Linux sales fell to $2.3-million during the first quarter, down from $3.2-million during the previous quarter. "Even that looks shaky," said Duncan Stewart, a portfolio manager at Tera Capital Corp. in Toronto. "There really is nothing positive in this quarter.""
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