Corel sales warning sinks shares

Article Abstract:

Corel Corp's warning that its revenue for the 1st qtr of 1999 went down resulted in the company's shares to tumble and sent it deep into financial trouble. The Ottawa, Canada-based software maker reported that it lost 24 cents per share, or about $24 million, in the period that ended Feb 28, 1999, while revenue dropped to $40.3 million. Corel's 4th qtr profit in 1998 seemed to herald that the company was about to come out of the red.

Software Publishers, Computer Software

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Corel cuts jobs after revenue rise falls short

Article Abstract:

Corel Corp. has laid off additional employees after posting disappointing sales for the 2003 second quarter. The company has eliminated 9% of its work force after posting a weak increase in quarterly sales.

Personnel administration, Computer software industry, Software industry, Human resource management, Finance, Company sales and earnings, Company earnings/profit, CORL, Company personnel management, Layoffs, Layoff

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