“Corel Corp. issued another financial warning Thursday, making
it clear that further cost-cutting and management changes need to
be done quickly at the struggling software company.”
“Analysts say the company, now in a cash-flow crunch, needs
to think about reducing its product lines. Some also suggest that
chief executive Michael Cowpland and other top managers should
seriously consider other work.”
“It’s time for Dr. Cowpland to step down and let new thinking
and new strategies come to the fore,” said Alfie Morgan, a
professor of business administration at the University of Windsor.
…”When the market sees that there is new thinking and new blood
at the top it would be willing to give Corel a break,” Morgan said.
“But nothing is going to happen with Corel until top management
changes.”