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Ottawa Citizen: Investors dump Corel shares

Jun 22, 2000, 11:49 (1 Talkback[s])
(Other stories by Bert Hill)

"Corel Corp. stock fell 7.5 per cent yesterday as skittish investors worried about the future of the company."

"Fears were raised by rapidly falling Corel sales and a company warning that if it is unable to raise $30 million through sale of stock or other new financing, "the company's ability to continue could be in substantial doubt."

"Some U.S. news services picked up on the warning, buried at the bottom of a quarterly earnings report, which restated warnings that Corel had issued in the last few months."

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