The Register: Corel moots Linux sell-offNov 17, 2000, 16:21 (5 Talkback[s])
(Other stories by Tony Smith)
[ Thanks to David for this link. ]
"Corel will soon spill the beans on its plan for recovery - potentially including the sale of the company's Linux business - president and CEO Derek Burney has said. The announcement will be made in three weeks' time."
"Interviewed by InfoWorld, Burney, who took the helm at Corel last summer following the abrupt departure of long-time incumbent Michael Cowpland, said the company is now seriously considering its options. One is to ditch its Linux business, he admitted, or to buy in new technology. "To be successful in the Linux market, you need a wider product offering. There's got to be some kind of acquisition," he said. "It could go either way... there are no sacred cows."
"Of course, with Microsoft now owning 25 per cent of the company, primarily to prevent another competitor going to the wall - 'see, we do have competition' - and to kickstart support for MS' .NET strategy, Corel might well be persuaded that it doesn't need Linux after all. That the investment was vital to Corel's future, note Burney's comment: "Clearly the investment puts to rest any notion of the viability of the company."
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