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Ottawa Citizen: Corel warns investors it could soon go broke

Apr 21, 2000, 12:09 (1 Talkback[s])
(Other stories by Bert Hill)

"Corel Corp. is warning investors it could run out of cash in the next three months if a pending deal for Inprise/Borland Corp. or other solutions are not found."

"The money-losing Ottawa software company faces troubles because of rapidly declining sales of traditional products and slow growth of sales of new Linux products."

"However, chief techology officer Derek Burney said yesterday that the Corel warning paints a worst-case scenario, required by U.S. regulatory law, which is not going to happen."

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