“Under the deal, Inprise will become a subsidiary of software
maker Corel in a stock transaction valued at $2.44 billion, the
companies said.”
“Separately, the two firms have struggled against the Microsoft
juggernaut. With Microsoft undercutting prices, Inprise, maker of
tools that help developers create e-commerce Web sites and business
software, has seen its revenue and market share decline over the
years. Similarly, Corel has struggled trying to sell software
suites in a market dominated by Microsoft Office.”
“But during the past year, Inprise and Corel have latched onto
Linux, a rival to Microsoft’s dominant Windows operating system,
and as a result, both have seen their sagging stock prices improve.
Together, executives from the newly merged company believe they
have found a market niche that can turn their fortunes around. But
industry analysts are skeptical, saying the two companies still
face challenges.“
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.