“From the founding of Mitel a generation ago, to the latest
troubles at Corel Corp., Michael Cowpland has faced failure
repeatedly and always survived.“
“But rarely has the flamboyant 57-year-old businessman faced so
many troubles at once: A rapidly fading roster of flagship Corel
products, slow market acceptance of new Linux products, a stock
price in the basement and an Ontario Securities Commission
prosecution that limits his ability to raise money in the face of a
looming cash squeeze.”
“Yesterday, the company saw an estimated $140 million U.S.
disappear when Mr. Cowpland announced that the deal to purchase
California-based Inprise/Borland Corp. was off.”