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Canada.com: Corel loss advisory points to deeper cuts; Cowpland future questioned

Jun 16, 2000, 03:40 (0 Talkback[s])
(Other stories by Gillian Livingston)

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"Corel Corp. issued another financial warning Thursday, making it clear that further cost-cutting and management changes need to be done quickly at the struggling software company."

"Analysts say the company, now in a cash-flow crunch, needs to think about reducing its product lines. Some also suggest that chief executive Michael Cowpland and other top managers should seriously consider other work."

"It's time for Dr. Cowpland to step down and let new thinking and new strategies come to the fore," said Alfie Morgan, a professor of business administration at the University of Windsor. ..."When the market sees that there is new thinking and new blood at the top it would be willing to give Corel a break," Morgan said. "But nothing is going to happen with Corel until top management changes."

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