Ottawa Citizen: Revitalized Corel recoups recent losses

“Corel Corp. stock snapped back 21 per cent yesterday, regaining
almost all the recent losses caused by market jitters over the
troubled company’s future.”

“A string of positive press releases, including a deal with a
free U.S. internet service provider, lifted the stock to $5.45
yesterday. The agreement with Spinway Inc. will offer Corel
customers free Internet access through its websites.”

“Corel has a deal with Cannacord Capital to buy up to $30
million in stock to ease a potential cash crunch. That deal appears
likely to amount to 7.3 million shares, or 11.6 per cent of company
stock, if Corel decides to exercise the full $30 million deal in
the near future.”


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