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TechWeb: Corel Rockets Amid Linux Takeover Talk

Nov 29, 1999, 22:50 (9 Talkback[s])

"Shares in Canadian software developer Corel rocketed in heavy midday trade on growing buzz about its Linux products and rumors it could be a takeover target...."

"Rumors swirled that Red Hat is looking at Corel as a possible acquisition target, traders said...."

"Tera Capital fund manager Duncan Stewart said Red Hat buying Linux isn't outside the realm of possibility, given that Red Hat has been criticized for not having a strong distribution network -- something Corel could offer."

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