Corel posts fourth-quarter losses on weak sales

Reuters reports that Corel Corp. (nasdaq: CORL)
reported a fourth-quarter loss on Friday despite small sales gains for its graphics and word processing software.

Corel, which last posted a profit in the fourth quarter of 1999, had a net loss this time around of $8.6 million, or 12 cents a share,
versus a year-earlier profit of $4.5 million, or 8 cents per share.