"Though Corel Corp. has come through a period in which the
future of the software vendor was in doubt, Michael Cowpland, the
Ottawa-based company's chief executive and founder, said yesterday
all the pieces are in place for a return to profitability by the
end of the year."
"We've got $25-million in the bank, so that's not an issue, and
we're making good progress in our cost savings, so there will be no
more layoffs," he said, in an interview following his keynote
speech to the Comdex Canada trade show."
"We're also looking towards a major product launch in the
fourth quarter, and that's why, as we've previously said, we expect
to be profitable by Q4."
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