Novell reduces its Corel stake by 590,000 shares

Article Abstract:

Novell Inc. has reduced its stake in Ottawa, Ontario-based Corel Corp. to 8,360,000 shares with a sale of 590,000 shares for $1.50 to $2.08 each in July 1998. Provo-UT-based Novell sold off more than the 500,000 shares in the software maker the former reported would be divested over the next three months. Novell, the largest shareholder in Corel, reported the sale with the Ontario Securities Commission. Novell announced that it would divest the remaining interest in Corel over the next year.

Comment:

Reduced its stake in Ottawa, Ontario-based Corel to 8,360,000 shares with a sale of 590,000 shares for $1.50 to $2.08 each

Canada, Computer Software, Software Publishers, Asset sales & divestitures, Software, Corel Corp., Novell Inc., Article

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Gap's stock not so fashionable

Article Abstract:

Share prices of Gap Inc have dropped from a 52-week high of $52.69 in July to $36.37 on Sep 7, 1999, a decline of 30%. Gap's share price fall was attributed to weaker sales recently posted by the clothing store firm. Its fall offerings were halfhearted received by its young customers, while it did not have enough stock of its most popular items. Despite the lower share prices, investors who acquired Gap shares a year ago received a return of 70%.

United States, Securities prices, Family Clothing Stores, Gap Inc.

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