“A new corporate logo was the single most definitive piece of
news coming out of the much-anticipated corporate restructuring
announcement from Corel Corp. yesterday and the markets reacted
strongly to the company’s lack of guidance, knocking more than 22%
off the software maker’s share price.”
“‘From reading the press release, this looks like a strategy
meeting that was long on meeting and short on strategy,’ said
Duncan Stewart, an analyst with Tera Capital Corp. of Toronto.
‘This has got to be a bit depressing for them.'”
“Aside from the new logo, Corel chief executive Derek Burney
used the meeting to reinforce the company’s commitment to its
flagship products, which includes the graphics software line and
CorelDRAW, as well as the Office suite of products, which includes
WordPerfect.”
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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