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Short: Corel announced 3rd-quarter financials

Corel announced a loss for its third quarter of fiscal 1996, as reported earlier by CNET. Revenue for the quarter ending August 31 was $84.9 million, an increase of 37 percent from the $61.9 million posted for the third quarter last year. This translates into a net loss of $3.2 million, or a 5-cent loss per share. The company is developing a personal digital assistant and its Office for Java.

Corel announced a loss for its third quarter of fiscal 1996, as reported earlier by CNET. Revenue for the quarter ending August 31 was $84.9 million, an increase of 37 percent from the $61.9 million posted for the third quarter last year. This translates into a net loss of $3.2 million, or a 5-cent loss per share. The company is developing a personal digital assistant and its Office for Java.