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Forbes: Corel pins its hopes on cheap PCs, Linux

Jun 22, 1999, 18:33 (2 Talkback[s])
(Other stories by David Einstein)

"Corel has been losing money for three years. But things may be looking up. Second-quarter earnings are due out today, and the company says it expects to report a profit of 14 cents per share..."

"Corel officials see the sub-$1,000 PC market as a good vehicle for disseminating WordPerfect Office, its flagship product. More than half a dozen PC makers, including Compaq (nyse: CPQ) and Gateway (nyse: GTW) are now pre-installing Corel's suite on some entry-level models."

"Corel also sees a golden opportunity with Linux, the upstart operating system that could turn out to be a formidable challenger to Windows."

"We're bringing an awful lot to the Linux party," says Cowpland. "This has the potential to be a very large volume business, and we think it's going to take off next year."

Complete story.