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TechWeb: Corel Blows Away Earnings Expectations

“Ottawa-based Corel reported net income for the quarter of $17.6
million, or 26 cents per share, on sales of $71.3 million, compared
with a net loss of $7.8 million, or 13 cents per share, on sales of
$71.1 million last year.”

“Corel executives said the quarter places them in a solid
position for growth. The company has been making significant forays
into the open source-code Linux realm, porting some of its
software, and it is developing a Linux operating system that which
enters beta-testing Tuesday. Corel said it also expects to deliver
Word Perfect Office 2000 for Linux early next year.”

We are very positive about the future of Linux and the
delivery of our new operating system, Corel Linux, at the end of
this year,
” said Michael Cowpland, Corel CEO.”

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