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National Post: Software firm Corel Corp. posts $55-million loss for fiscal 2000

“Last week, Corel shares traded as high as $6.15 in heavy
trading on speculation the company would sell major assets as part
of a strategic plan announced Jan. 23 in Ottawa.”

“Instead of a dramatic move, such as the rumoured sale of
Corel’s Linux business, Burney announced a three-phase plan
designed to restore the company’s financial health over the coming
years.”

“The company expects sales revenues will grow 20 per cent
annually on average for the next three years, although revenues in
2001 are expected to be only eight to 12 per cent above 2000’s
depressed levels.”


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