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CNET News.com: Corel says cash is running low

Apr 24, 2000, 21:07 (1 Talkback[s])
(Other stories by Erich Luening)

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"Desktop software maker Corel is warning investors that it is running low on cash."

"In a filing with the Securities and Exchange Commission on Friday, Corel repeated warnings first issued a month ago that losses in the last quarter will likely be repeated over the next six months, and the company is examining its cost structure."

"For the first time, Corel outlined the potential consequences of its problems. "If the proposed merger does not occur, other sources of financing are not secured and/or Corel's operating results do not improve, a cash deficiency may occur within the next three months," the company stated in the filing."

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