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Investment.com: Will Linux sink Corel?

Aug 13, 2000, 21:00 (10 Talkback[s])
(Other stories by Melissa Edwards)

"It looks like Corel Corp. (CORL) may finally be losing its balance. The company that wobbled but wouldn't fall down now can't seem to pare back enough to please frustrated investors."

"Only a few months ago, Corel chief Michael Cowpland was riding high on the wave of this year's hottest software product. Corel's Linux package seemed like it would lead the company away from its shaky stance. The stable, affordable operating system is indeed growing in popularity."

"Unfortunately for Corel, Linux is not proving as successful in the markets. Investors' hunger for stocks associated with the operating system have so far been short lived. After reaching an astounding high of US$44 in January, Corel turned south again, to hover around its current level of US$3.

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