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Ottawa Citizen: Corel denies reports it's poised to go broke

May 19, 2000, 12:40 (2 Talkback[s])
(Other stories by Mark Anderson)

"Cash-starved Corel Corp. has denied speculation it may be broke in a matter of days."

"A published report in a national newspaper yesterday said "several analysts" believe Corel could go broke "within days, not weeks."

"That particular report misstated Corel's financial position," said company spokeswoman Catherine Hughes. "Corel's financial position is stable, and we continue to meet our financial obligations."

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