Corel chief faces shares charge Michael Cowpland, president and Chief executive officer of Corel, disputed charges filed through the Canadian Ontario Investments Commission (OSC), accusing him of three counts of breaking Ontario investments laws and regulations. The commission billed Cowpland with using insider details about a lesser-than-expected quarterly financial report, for Corel’s third quarter of 1997, to market 2.43 million shares of Corel stock for around $14 million, stated Frank Switzer from the Ontario Investments Commission “He’s billed using what is generally referred to as tipping, insider buying and selling and creating a misleading statement towards the investments commission....Read More
Day: August 28, 2016
Palm troubles continue 44% profit drop Palm’s troubles ongoing on Thursday as the organization published an income of $15.4 million for that 4th quarter, a 44 percent drop from the $27.two million mark twelve months earlier, despite strong sales of their Treo smartphone. The organization reported revenue of $401.3 million for that quarter ending 1 June, lower slightly in the $403.a million it gained within the same quarter in the year 2006 as well as below Wall Street’s forecast of $406.six million, based on analysts polled by Thomson Financial. The outcomes come just days after the organization faced whispers...Read More
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