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Stockhouse.ca (Canada): Corel CEO Shrugs Off Red Hat Rumors

Dec 04, 1999, 18:32 (4 Talkback[s])
(Other stories by Brian D. Robinson)

"The Linux "juggernaut" Cowpland refers to has no doubt rescued Corel's fortunes. However, with an increase of $600-odd million in market capitalization, thanks largely to speculation of Red Hat scooping up the profitable Corel, the company now stands on the acquisition path and doesn't have time to look back. Setting his sights on picking up utilities and perhaps further content to round out the Corel platform, Cowpland clearly is on the offensive."

"In the wide-ranging interview, Cowpland talks about the rumors of a Red Hat acquisition and remains coy... this is a man exhibiting tremendous confidence as his suite of products, namely Corel's Linux OS, outsells the Red Hat product 10:1. With Red Hat considered a key ally rather than a menacing suitor, Cowpland sees Corel playing to both markets as the Ottawa software company is clearly comfortable playing both sides of the line.

"Cowpland is quick to take issue with the obvious lopsided market caps between Red Hat and Corel, currently sitting around $14 billion to $1 billion respectively. With obvious respect for a runaway market and a stable of proven products, Corel sits comfortably back in the game."

Complete story.