Corel looks ahead

Corel looks ahead


Corel has provided an outlook into its plans for fiscal 2002, planning on revenues of $US170 million to $180 million. The software vendor fell on some tough times in recent years but president and CEO Derek Burney said the company has "got its financial house in order", with well-defined plans and healthy cash reserves. Despite these assurances, the vendor still expects fiscal 2002 to yield a loss of between $23 million and $31 million due to its acquisition of Micrografx and SoftQuad. The company will now focus on technical illustration, enterprise process management and XML content solutions.

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