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32BitsOnline: Losses Continue to Mount at Corel. Failure imminent

Jun 21, 2000, 01:17 (11 Talkback[s])
(Other stories by Ronny Ko)

"News is not so rosy at Canadian software maker Corel Corporation [NASDAQ: CORL]. The company today announced that it lost another $23.5 million US or $0.36 per share. Corel is in dire situations. The software maker is largely viewed as the Canadian Airlines in the Canadian software industry...."

"Corel's moves into Linux has not paid off. While companies like Red Hat software are focusing on the enterprise, Corel is adamant that it can capture enough market share in the desktop market to make a difference."

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