Corel - Investors with no Humor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corel - Investors with no Humor

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: A. Reader who wrote (357)	1/21/1998 7:05:00 AM
From: A. Reader	of 1094

Corel Corp. said yesterday that it lost $66.9-million (U.S.) in its fourth quarter, leaving industry analysts questioning whether the software company can rebound from its disastrous showing in 1997. The loss was less than forecast in mid-December, when Ottawa-based Corel revealed preliminary estimates of a $95-million loss in the quarter that ended Nov. 30, including a $28-million writeoff of software technologies acquired from other companies. A month later, that loss has narrowed but only because Corel's auditors told the company to rewrite its financial statements for the entire year. Both the $28-million writeoff in the fourth quarter and $33-million in associated revenue from the previous three quarters were erased from the results. globeandmail.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next