By Dominic Maher, 28 July 1998 16:00
NEWS The Ontario Securities Commission (OSC) is investigating Michael Cowpland, CEO of Corel. Cowpland sold C$20.5m in stock at C$8.4 per share during August 1997. A month later the company issued profit warnings, which led to the stock price dropping to the C$4 mark by September. A spokeswoman for Corel said: "It's normal for the OSC to investigate large share sales," adding that the company has no plans to issue an official statement on the matter.
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