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Financial Post: Nervous Corel employees flood rivals with résumés

May 18, 2000, 13:41 (2 Talkback[s])
(Other stories by Jill Vardy)

"Corel Corp. employees are flooding local technology companies with résumés as the financial prospects of their employer worsen after the termination of its planned merger with Inprise Corp."

"You'd be amazed at the number of résumés you get when a company starts to get in trouble," said one executive at a local software firm, which has been approached by Corel employees in the past two days. "There's definitely a nervous tension over there ... there's been talk about the company selling off chunks of itself again."

"Corel stock fell 9.5% yesterday to close at $8.05 in Toronto. At its height, last December, the stock traded at just less than $58."

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