Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: Skye who wrote ()	6/21/2000 9:43:00 PM
From: Gator	of 9798

FYI: "Shares of embattled COREL CORP sank by nearly 12 percent on Wednesday as investors pondered the Canadian software developer's weakening prospects and questioned its odds for survival. Ottawa-based Corel, best known for its CorelDRAW and WordPerfect software, posted a deep second-quarter loss on Tuesday evening that reflected dwindling cash reserves, shrinking demand for mature products and little indication that new Linux operating system products will soon save the day, analysts said. "Survival is a question unless some changes are made...certainly they can't have a lot more quarters like the one they just had," said Jean W. Orr, with BlueStone Capital Partners, one of the few analysts covering the company. (Reuters 03:55 PM ET 06/21/2000) For the full text story, see infobeat.com " >> Later...Gator

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