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Ottawa Citizen: Corel stock hits 18-month low

May 30, 2000, 11:04 (0 Talkback[s])
(Other stories by Bert Hill)

"Corel Corp. stock hit its lowest price in 18 months yesterday as investors fled the troubled software company."

"Some investors appear to want specifics now on how Corel plans to cut heavy operating losses, but Corel won't have those plans ready for about a week."

"...The stock is also being sold because a new Corel offering of up to $30 million in stock will be priced to the average price over the current period. As the price drops, the size of the offering and its potential dilutive impact on an already depressed stock grows."

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