GlobeTechnology.com: Corel stock jumps 33% on plans for new Linux | Linux Today

GlobeTechnology.com: Corel stock jumps 33% on plans for new Linux

Written By
Web Webster
Web Webster
Jan 7, 2000

“Corel Corp. shares jumped almost 33 per cent yesterday
after the software maker said it plans to release a Linux operating
system later this year that can run some Windows
applications.”

“Ottawa-based Corel’s shares gained $7.50 or 33 per cent to
$30.60 on the Toronto Stock Exchange, the latest twist in the
stock’s roller-coaster ride in the past few months. After spending
most of 1999 trading between $4 and $8, Corel shares rode the
recent Linux craze to an all-time high of $64.65 early last month
before plummeting below $20 less than two weeks later.”


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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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