“Corel Corporation today announced results for its first quarter
ended February 29, 2000.”
“Revenues for the first quarter of fiscal year 2000 were $44.1
million, compared to $40.3 million in the first quarter of fiscal
1999. Net loss for the quarter was $12.4 million or ($0.19) per
share…”
“‘Based on the prospects for revenue and the cost structure in
place at Corel, we expect that results for the next two quarters
will mirror those experienced in this quarter,’ said Mitch
Desrochers, vice president of finance and controller…”
“‘With an improved cash position since Q4 1999, and profitable
investments, Corel is positioned to fund future growth,’ said Dr.
Michael Cowpland, president and chief executive officer…
‘Over the past two years, we’ve taken steps to leverage open
technologies for the Internet. The early results have been
promising, and we are continuing to take advantage of these
fast growing market segments.”
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