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.'"