Feeds

Regulators check Corel CEO share deals

Business as usual, Cowpland says

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Michael Cowpland, CEO of Corel, has been investigated by the Ontario Securities Commission for alleged insider trading, according to a report in the Canadian National Post. At issue is Cowpland's trading record in Corel shares in August 1997, when Cowpland sold 2.4 million shares a month before a reported loss of $32 million on the quarter, and a consequent 40 per cent decline in the share price. Apparently the investigation has been completed, but no decision has yet been taken by the OSC as to whether any action should be taken. A press release from Corel says the newspaper story is "unconfirmed and unsubstantiated" and "a complete surprise" since Cowpland had not been informed of any hearing. The OSC would not comment until a decision had been taken. Cowpland said it was business as usual at Corel. Meanwhile, Corel announced that it was partnering with DirectWeb to bundle WordPerfect Office 2000 and CorelDRAW. DirectWeb offers remotely-managed hardware, software and an Internet subscription service for a fixed monthly price.

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.