“Troubled Corel Corp. could face a new cash crisis later this
year.”
“The software company revealed in a filing with U.S.
regulators that it expects to spend about 75 per cent of a new
$28.5 million lifeline by the end of September.“
“It said that if cost-cutting and new revenues fail to produce
anticipated results, it may have to dip into the remaining reserves
to meet operating capital needs after Sept. 30.”
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.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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