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Technology Stocks : Corel Corp.

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To: A. Reader who wrote (9273)	6/2/2000 7:27:00 AM
From: A. Reader	Read Replies (1) of 9798

TurboLinux layoffs another sign of cooling market By Stephen Shankland Staff Writer, CNET News.com May 31, 2000, 5:35 p.m. PT A second Linux company has put the brakes on expansion and laid off staff, a further indication that investors no longer are as gung-ho on the comparatively new operating system. TurboLinux laid off an undisclosed number of employees today, citing demand by investors for more revenue and earlier profitability, president Paul Thomas said in an interview. He said the layoffs weren't as deep as those at troubled Linuxcare, which eliminated the jobs of about 70 employees in early May in the midst of a derailed initial public offering process.... news.cnet.com

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