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Technology Stocks : Corel Corp.
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To: james paterson who wrote (8055)12/14/1999 12:30:00 PM
From: Ellen  Read Replies (1) of 9798
 
Corel is more than 'just' a Linux company. Don't forget the other products they have...

corel.com

Corel Corporation develops graphics and business productivity applications. CORL's products include CorelDRAW line of graphics application and Corel WordPerfect Suite of business tools. For the nine months ended 8/99, revenues rose 1% to $182.1 million. Net income totalled $12.1 million vs. a loss of $37.2 million. Revenues reflect the launch of new versions of Corel's flagship products. Net income reflects the absence of $15.9 million restructuring costs.

biz.yahoo.com

Cash provided by operations was $14.3 million for the first nine months of fiscal 1999 compared to, $3.4 million for the first nine months of fiscal 1998. The increase of $10.9 million was primarily due to the net income of $12.1 million in the first nine months of fiscal 1999 compared to the net loss of $37.2 million in the first nine months of fiscal 1998 coupled with a significant decline in accounts payable and accrued liabilities.

Accounts receivable increased in the third quarter of fiscal 1999, from the third quarter of 1998, primarily due to increased sales levels in the third quarter of fiscal 1999. The increase in sales and accounts receivable can be attributed to the launch of the Company's latest versions of WordPerfect and CorelDraw in the second quarter of 1999.
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