“A spokesman for Inprise/Borland Friday said its merger with
Corel was on schedule despite a pending lawsuit, and she downplayed
a financial filing by the Canadian software maker that it might run
out of cash in 90 days.“
“Marilee Adams, vice president of corporate communications at
Inprise, said Ottawa-based Corel’s 10-Q filing with the U.S.
Securities and Exchange Commission (SEC) needs to be seen in its
proper context. The 10-Q simply represents the worst-case scenario
as required by the SEC.”
“She also characterized a lawsuit brought by a former member of
Inprise’s board of directors trying to block the merger as
“frivolous.”