The Register: Applix spins off ApplixWare Linux division [VistaSource]Apr 25, 2000, 14:19 (0 Talkback[s])
(Other stories by Tony Smith)
"Loss-making Applix is to spin off its ApplixWare operation into a separate company to be called VistaSource. And it's opening - to a degree - the source code for its Linux-based office productivity software into the bargain."
"Applix's scheme here is to allow it to focus on its core e-business planning, customer management and help-desk applications. ApplixWare was always something of a minor adjunct to this much larger-scale operation, and spinning it off, along with a new name, should help it tackle the office suite market more effectively than it can as the bland Applix Linux Division."
"According to VistaSource president Bernie Thompson, cited by CNet, Applix will pump $6 million into the spin-off, which will then have to go off and seek further finance itself. Thompson said it would IPO late 2000/early 2001."
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