Corel Still Runs in the Red

The software vendor on Monday announced a net loss for the first quarter and warned that results in its next two financial quarters are likely to be the same as Corel moves its focus from selling Windows-based products to systems running on the open-source operating system Linux.

Corel on Monday announced a first-quarter net loss of $12.4 million, or 19 cents per diluted share, compared with a net loss of $14.6 million, or 24 cents per share, for the year-ago quarter. Revenue for the first quarter, which ended February 29, reached a record $44.1 million, compared with $40.3 million for the same period last year, Corel said in a statement.

"Corel continues to be in transition between being the legacy of Windows to the exciting opportunities ahead," Michael Cowpland, president and chief executive officer of Corel, says. "We are excited we can deliver Linux platforms to the mainstream."

As part of its push further into the Linux world, Corel also announced that it will begin shipping its WordPerfect Office 2000 suite for Linux on Tuesday. The standard edition is priced at $109 and the deluxe edition at $159. Since their release last year, Corel's WordPerfect 8 for Linux has had more than 1.5 million downloads, and the vendor's Linux OS has had over 200,000 downloads from the Web, the company says.

Cowpland also says Corel plans to make use of its proposed merger with Inprise/Borland to develop more Linux-related applications and services. "We expect to do very well in the overall Linux market," he says. Cowpland adds that shareholders for both companies will vote on the proposed merger in late May.

For the first quarter of fiscal 2000, Corel had $2.3 million in sales from its Linux OS, down from $3.2 million in the previous quarter. However, Linux-related sales should reach $20 million by November this year, Cowpland said.

One analyst said Corel will have to step up its efforts to integrate Linux into its existing products. "The future will depend on how Corel products, particularly graphics [offerings] like CorelDraw, are accepted by customers," says Bonnie Brooks, an analyst with Creative Strategies.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jack McCarthy

PC World
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?