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The Register: Red Hat aiming to buy Corel Linux rival?

Nov 30, 1999, 15:39 (1 Talkback[s])
(Other stories by Graham Lea)

"Corel shares soared yesterday on speculation that Red Hat was planning a bid for the rival Linux distributor. The market clearly views the possibility as a marriage made in heaven, because Red Hat stock promptly hared after it...."

"As yet, there's been a no-comment-on-speculation from Red Hat, and "we haven't been approached by Red Hat" from Corel. So far, the trading pattern in the shares suggests that it is day traders who are jumping in on the high level of activity, rather than action by insiders. The rumour resulted from financial analyst speculation that because Red Hat had acquired the privately-held tools maker Cygnus in mid-November for $674 million, other acquisitions were likely."

"Other possible objects of Red Hat's affection, and significant financial leverage, include Sendmail, and perhaps Mozilla. Red Hat announced yesterday that it had concluded a deal to provide consultancy and support to AutoZone, an auto parts retailer that plans to install Linux terminals in its 2,800 stores. In September, the Burlington Coat Factory Warehouse installed Linux in its 260 stores."

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