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National Post: Software firm Corel Corp. posts $55-million loss for fiscal 2000

Feb 03, 2001, 20:23 (3 Talkback[s])

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"Last week, Corel shares traded as high as $6.15 in heavy trading on speculation the company would sell major assets as part of a strategic plan announced Jan. 23 in Ottawa."

"Instead of a dramatic move, such as the rumoured sale of Corel's Linux business, Burney announced a three-phase plan designed to restore the company's financial health over the coming years."

"The company expects sales revenues will grow 20 per cent annually on average for the next three years, although revenues in 2001 are expected to be only eight to 12 per cent above 2000's depressed levels."

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