Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (702)	6/27/1998 7:52:00 AM
From: A. Reader	Read Replies (1) of 1094

Corel in gradual recovery Many analysts believe the firm is a long way from good health By JILL VARDY ..."They should have done it six months ago" was the most common reaction to the company's decision to close its Orem, Utah, engineering plant and reintegrate subsidiary Corel Computer Corp. into the parent company with a loss of 340 jobs. ÿIn an interview after the second-quarter results were made public Wednesday, Corel's top three executives explained why it's taken the company so long to make the cuts. <Picture: COREL> ÿ"We had to feel comfortable we could make a smooth transition. It became possible only in the last six months," said Cowpland, president and chief executive. "If we hadn't done it with the correct planning, it might have jeopardized quality." canoe.com

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