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Globe and Mail: Another ride on the roller coaster

May 22, 2000, 03:02 (0 Talkback[s])
(Other stories by Daniel McHardie)

[ Thanks to Kevin Reichard for this link. ]

"Corel Corp.'s perennially optimistic chief executive officer, Michael Cowpland, found himself in the midst of another corporate drama this week after his company's deal with Inprise Corp. fell apart and plunged Canada's best-known software company into a cash crunch."

"However bad the news for Ottawa-based Corel, its charismatic founder has always presented a sunny face. Falling sales, executive resignations, an aborted merger, cost cutting that could lead to layoffs -- nothing seems to faze Mr. Cowpland."

"We're in great shape," Mr. Cowpland said at the press conference announcing that Corel and Inprise were cancelling the deal, originally valued at $1.1-billion (U.S.)."

"Mr. Cowpland stood before reporters and told the world he was "having more fun than ever" when asked whether he was growing tired of his company's constant roller-coaster ride."

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