Screaming Penguin - Source Does Matter

The future of Corel is quite uncertain. They made a serious investment in Linux and as of yet, it has NOT paid off.

I believe in the Corel business model and the products, but the acceptance has been slow and possibly the moves they made were a little too late. Corel has lost money this year (and made a 9 million profit the previous year) and has consistently warned investors that cash is dwindling.

Corel recently cut 320 jobs and has reduced overhead, but the red is still prevalent and more cuts are coming (advertising, research, etc are next.)

Corel stock has recently dropped and dropped. Yet there is hope. The Corel stock "deal" (they have a deal in the works to have an investing company buy 30 million in stock) is still alive although one deadline has been missed (the price of the stock is still more than the deal strike and it still makes sense, so it should happen.) If Corel can pull off the deal, cut some costs and get some sales, I think they still have a chance to be a computing powerhouse (Corel Linux with KDE2 and Corel Office, yeah that could work!)

Check the link for a local story about Corel in the Ottawa Citizen.   Investors dump Corel shares