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Ottawa Citizen Online: Corel names new financial chief

Apr 19, 2000, 18:09 (0 Talkback[s])
(Other stories by Bert Hill)

"Troubled Corel Corp. has plugged a key hole in its executive leadership."

"John Blaine, a native of Ottawa working for Sterling Commerce Inc. in Ohio, has been appointed chief financial officer. A key challenge for Mr. Blaine is managing the pending takeover of Inprise/Borland Corp. of California and to reduce operating costs of the money-losing company."

"The deal still has to be approved by shareholders and many Inprise shareholders are upset. The deal is now worth only 30 per cent of the original $1.1-billion price because of the decline in Corel stock."

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