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National Post: No news is bad news for Corel stockholders

Jan 24, 2001, 16:50 (4 Talkback[s])
(Other stories by Robert Thompson)

"A new corporate logo was the single most definitive piece of news coming out of the much-anticipated corporate restructuring announcement from Corel Corp. yesterday and the markets reacted strongly to the company's lack of guidance, knocking more than 22% off the software maker's share price."

"'From reading the press release, this looks like a strategy meeting that was long on meeting and short on strategy,' said Duncan Stewart, an analyst with Tera Capital Corp. of Toronto. 'This has got to be a bit depressing for them.'"

"Aside from the new logo, Corel chief executive Derek Burney used the meeting to reinforce the company's commitment to its flagship products, which includes the graphics software line and CorelDRAW, as well as the Office suite of products, which includes WordPerfect."

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