“Traders kept a close eye on Corel’s market performance after a
24 percent plunge on yesterday as the software developer announced
the departure of Michael O’Reilly.”
“Analysts said the surprising departure of O’Reilly–key to the
firm’s return to profitability and control of expenses–was a blow
to Corel’s credibility.”
“Despite that, investors snapped up Corel shares as chief
executive Michael Cowpland appeared at The Bazaar, a New York trade
show for Linux and open-source software development.“