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Ottawa Citizen: Battered Cowpland besieged on all fronts

May 17, 2000, 11:44 (0 Talkback[s])
(Other stories by Bert Hill)

"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."

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