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National Post: Microsoft Corp. buys stake in Corel; companies form strategic alliance

Oct 03, 2000, 00:11 (8 Talkback[s])

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"'We are pleased to announce this latest development in our relationship with Microsoft, and what we believe to be an important step forward in our strategy for long-term growth,' Corel's interim president Derek J. Burney said in a release....

"'Corel has long recognized the potential of the Internet to speed up the delivery of applications and services to our customers worldwide,' Burney said.

"'Our most recent work has focused on strategies to move our applications, including CorelDraw and WordPerfect as well as our Linux distribution . . . on to the Web. By leveraging Corel's development expertise and popular product line with Microsoft's .NET platform, we believe we have found a great combination to accelerate this process.'"

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