Cowpland says Corel losses short-lived

Article Abstract:

Corel CEO Michael Cowpland predicted that the company will recover its losses in the next three quarters. The Ottawa-based company reported a loss of 24 cents per share or $14.6-mil on revenue of $40.3-mil for the quarter that ended Feb 28, 1999. Although Cowpland did not detail how the company will do such feat, it was inferred that the company is putting its hopes on its new software called Linux. Corel Desktop Linux, an operating system based on Linux, is expected to be released in Nov 1999.

Sales, profits & dividends, Corel Corp.

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Software firm lands financing

Article Abstract:

Worldinsurance Ltd. has received new venture capital financing from such companies as XDL Intervest Capital Corp. and CIBC Capital Partners. The financing is worth US$20.5 million.

Prepackaged software, Receipt of funds, Computer software industry, Software industry, Finance, Worldinsurance Ltd.

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