32BitsOnline: Losses Continue to Mount at Corel. Failure imminent | Linux Today
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32BitsOnline: Losses Continue to Mount at Corel. Failure imminent

Written By
Web Webster
Web Webster
Jun 21, 2000

“News is not so rosy at Canadian software maker Corel
Corporation [NASDAQ: CORL]. The company today announced that it
lost another $23.5 million US or $0.36 per share. Corel is in dire
situations. The software maker is largely viewed as the Canadian
Airlines in the Canadian software industry….”

“Corel’s moves into Linux has not paid off. While companies
like Red Hat software are focusing on the enterprise, Corel is
adamant that it can capture enough market share in the desktop
market to make a difference.“


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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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