“Corel Corp. employees are flooding local technology
companies with résumés as the financial prospects of
their employer worsen after the termination of its planned merger
with Inprise Corp.“
“You’d be amazed at the number of résumés you get
when a company starts to get in trouble,” said one executive at a
local software firm, which has been approached by Corel employees
in the past two days. “There’s definitely a nervous tension over
there … there’s been talk about the company selling off chunks of
itself again.”
“Corel stock fell 9.5% yesterday to close at $8.05 in Toronto.
At its height, last December, the stock traded at just less than
$58.”