Corel Pres. & CEO Tells Stockhouse.Com His Company Is Committed To Cutting Costs And Forecasts Explosive Linux Growth
Tuesday, April 25, 2000 11:18 AM
TORONTO, April 25 /PRNewswire/ -- In an exclusive interview with www.stockhouse.com, Corel (Toronto: T.COR) (Nasdaq: CORL, news, msgs) President and CEO, Michael Cowpland, stressed the Company's newly appointed CFO, John Blaine, will focus on getting ballooning costs under control.
"We are continuously looking at efficiencies," Cowpland told StockHouse and that Mr. Blaine will be "a major asset in getting costs whittled down even further."
Cowpland also said the proposed merger with Inprise Corp. (Nasdaq: INPR, news, msgs) is expected to generate a combined total of "over $90 million a quarter in sales."
In addition, Cowpland told StockHouse he is confident units installed for the Linux operating system will soon catch-up to Microsoft (MSFT) Windows.
"Linux devices will be on par with Windows within 5 years in terms of units," Cowpland told StockHouse.com, "We're forecasting around a 400 million- install base of Windows by 2004 versus about 400 million Linux, mainly on the appliance side."
The entire online interview can be viewed at: stockhouse.com.
About StockHouse Media Corporation:
StockHouse Media Corporation (www.stockhouse.com) is a leading global provider of online financial content and community development products. StockHouse also owns and operates an international network of popular online investment communities. The Company provides global financial content aggregation from over 400 sources, original editorial, interviews with business leaders, a comprehensive equities database and the Internet's first syndicated message forums. StockHouse has over 130 employees in seven offices spanning several countries including the United States, Canada, China, Australia and the United Kingdom.
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