National Post: Corel soars on rival's cash
Oct 04, 2000, 19:00 (1 Talkback[s])
(Other stories by Robert Thompson)
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"The value of Corel Corp. shares rose 60% yesterday following
the US$135-million investment by Microsoft Corp. and Derek Burney,
the interim chief executive responsible for the deal, was named as
the permanent CEO of the Ottawa-based software company...."
Tim Button, a Microsoft executive and friend of Mr. Burney, sent
an e-mail three days after Mr. Cowpland's Aug. 15 resignation,
inquiring about the possibility of the two companies working
"'[Mr. Button] felt that with my appointment, and the fact that
we have had a working relationship, it represented an opportunity
for them to work with somebody at Corel who was interested in this
type of alliance,' said Mr. Burney."