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NB: Corel Plans Asia Pacific HQ In Sydney

Apr 07, 2000, 18:04 (0 Talkback[s])

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"Canada's Corel Corporation [NASDAQ:CORL] is to set up an Asia-Pacific headquarters in Sydney, as it gears for a big push into the desktop Linux scene, president/CEO Michael Cowpland has revealed during a brief Sydney visit."

"It will share offices with Inprise/Borland, subject of a planned merger with Corel, reports online Australian news service ITNews."

"Over the next two quarters, Linux sales should reach 10 percent of total revenue, said Cowpland. "Within a few years we'll be 50/50 (Linux versus Windows)," he added."

Press Release