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Ottawa Citizen: Its costs in line, revenues are Corel's big challenge

Mar 30, 2001, 17:00 (0 Talkback[s])
(Other stories by Bert Hill)

"The economic slowdown is the big factor standing between Corel Corp. and more profitable results, the software company said yesterday."

"We're ahead of schedule in getting our costs where we want them to be," chief financial officer John Blaine said. "It's the uncertainty with revenues ... "

"Corel confirmed its previously announced small profit of $534,000 in the quarter ending Feb. 28 on sales of $32.5 million. A year earlier it lost $12.4 million on on sales of $44.1 million."

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