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InfoWorld/Reuters: Corel suggests its Linux line could be sold

Nov 20, 2000, 23:33 (0 Talkback[s])
(Other stories by Susan Taylor)

"Shares in Corel Corp. slid by as much as 5 percent on Monday after the struggling Canadian software developer said it may sell its Linux product line in a corporate review of operations."

"Corel, best known for its WordPerfect and CorelDRAW software, sales of which are slumping, entered the Linux sector last year saying it promised a substantial new revenue stream...."

"Corel said as part of a recently started corporate review that its Linux business unit must be bigger to be successful."

"The company is considering an acquisition of technology to add to the Linux unit, or its sale, a spokeswoman said. A decision will be announced in December or January."

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