"According to industry sources, New York venture capitalist firm
Linux Global Partners (LGP) is poised to sign a letter of intent to
purchase Corel's Linux business. The dollar value of the deal was
"But one source said that Corel would receive $5 million in cash
for its Linux arm, plus retain 20 percent rights to the new
LGP-owned Linux company...."
"Some industry watchers, however, predicted that Corel would
dump Linux as soon as Cowpland exited. They said that the software
maker -- which cut 320 jobs this summer to save money -- needed
cash more than it needed Linux."
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