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CBS MarketWatch: Corel takes stake in Linux company

Jan 12, 2000, 20:00 (0 Talkback[s])
(Other stories by Mike Tarsala)

"Corel Corp. announced Wednesday that it plans to take 30 percent ownership of Newlix, an Ottawa-based Linux-related start-up."

"Newlix makes networking server software for small and midsized businesses, called Omega. It's designed to connect up to 50 personal computers to the Internet and network printers. Newlix is the second Linux-related company in which Corel has made a purchase, as Corel last month took a third stake of Linux service and support company LinuxForce."

"... the company is working on completing a WordPerfect suite for Linux, due early this year.

"The company's sixfold share-price gains in November and December were substantially sliced after Corel said in late December that lower-than-expected revenues will lead to a likely loss of approximately 14 cents a share in its to-be-reported quarter."

Complete story.

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