"Corel Corp. (CORL) issued another earnings warning Thursday,
saying the software company will post a higher-than-expected loss
in its second quarter. Earlier this year, Corel said it
expected losses in the second and third quarter that mirrored its
first-quarter operating loss of $18.7 million US on revenues of
"But the company says it will lose between $22 million and
$24 million US for the period ended May 31, on revenue of just
under $38 million. That compares with operational profit of
$9.7 million and revenue of $70.5 million in the same 1999
"While the revenue is less than originally expected, the
company's expenses are also reduced from the first-quarter levels,"
said John Blaine, Corel's chief financial officer. "The company is
making progress towards its goal of realigning its cost
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