Reuters: Corel q3 revenue holds steady, losses shrink
Sep 28, 2000, 00:18 (0 Talkback[s])
(Other stories by Ian Karleff)
[ Thanks to George
Mitchell for this link. ]
"Struggling software developer Corel Corp. said on Wednesday
that revenue held steady in its third quarter and losses were not
as bad as feared because of across the board reductions in
spending."
"It also said a management restructuring will be announced by
the end of the week and sales growth should return with the release
of CorelDraw 10 for Windows software in November."
"Corel lost $10.7 million, or 15 cents a share, in the quarter
ended August 31, compared with a year-earlier profit of $17.6
million, or 26 cents a share."
Complete Story
Related Stories:
- National Post: Corel Corp. reports $10.7 million US loss, mostly tied to costs of restructuring(Sep 28, 2000)
- Corel to Receive $50 Million Cash Injection(Sep 21, 2000)
- NYTimes: It's a Word World, Isn't It?(Sep 21, 2000)
- SJ Mercury/Reuters: Corel strikes much-needed financing deal(Sep 19, 2000)
- Stockhouse.com: Linux: Red Hat and VA Linux Win Support, Corel Loses(Sep 10, 2000)
- eWeek: Corel to cut 139 jobs(Sep 06, 2000)
- VNU Net: Corel Wields Axe on Dublin Office(Sep 06, 2000)
- technofile: Deluxe version of Corel's revised Linux comes with a lot of extras(Aug 31, 2000)
- Stockhouse.com: Linux: How to, and How Not to, Make Money Off Linux, Part 2(Aug 31, 2000)
- ZDNet UK: Corel users face rethink(Aug 29, 2000)
- ZDNet: Evan Leibovitch: Corel going south? Cowpland leaving can mean only one thing(Aug 23, 2000)
- TechRepublic/Gartner: Commentary: Corel faces uncertain future after departure of Cowpland(Aug 19, 2000)
- eWeek: Corel's interim CEO wants post permanently(Aug 18, 2000)
- IT-Director: Where now as Corel boss jumps ship?(Aug 17, 2000)
- VNU Net: Corel chief quits as problems mount(Aug 16, 2000)
- CNET News.com: Cowpland steps down from top spot at troubled Corel(Aug 15, 2000)
- Globe and Mail: Corel's Cowpland resigns top posts(Aug 15, 2000)
- Canoe.ca: Cowpland Resigns to Focus on Linux Start-Ups(Aug 15, 2000)
- Investment.com: Will Linux sink Corel?(Aug 13, 2000)
