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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."

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