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Technology Stocks : Corel Corp.

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To: Sleeperz who wrote (6435)3/28/1999 8:36:00 AM
From: A. Reader   of 9798
 
Corel insiders net $934,000 windfall
Analysts are divided on whether insider trading at Corel Corp. that put more than $900,000 into the pockets of top executives will damage the troubled software company's image.

The seven senior executives sold the stock in early February about a month before the disclosure of weak product sales sent the Corel stock tumbling.

They sold 245,000 shares, exploiting a price surge triggered by the first profitable quarter in two years and rumours of a possible takeover. ...
ottawacitizen.com
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