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Ottawa Citizen: Corel issues another dire warning

Jul 19, 2000, 12:23 (2 Talkback[s])
(Other stories by Bert Hill)

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"Troubled Corel Corp. could face a new cash crisis later this year."

"The software company revealed in a filing with U.S. regulators that it expects to spend about 75 per cent of a new $28.5 million lifeline by the end of September."

"It said that if cost-cutting and new revenues fail to produce anticipated results, it may have to dip into the remaining reserves to meet operating capital needs after Sept. 30."

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