Corel woes prompted Inprise to review deal

Article Abstract:

Scotts Valley, Calif.-based INPRISE Corp. is reexamining its acquisition by Ottawa, Ont.-based Corel Corp. after the Canadian software maker reported poor first-quarter results. Corel, which reported an operating loss of $18.8 million for the first quarter, expects continuing losses.

United States, Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments, INPRISE Corp., INPR

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Corel warns of deep losses as revenue plunges

Article Abstract:

Ottawa, Ont.-based Corel Corp., which is a leading Canadian software maker, has issued a profits warning for the second quarter. Corel, which already has made extensive job cuts, anticipates revenues of between $37 million to $38 million in the second quarter ended May 31, 2000.

Labor force information, Brief Article

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