“Corel Corp. today announced its intentions to acquire
Inprise/Borland Corp. in a $2.44 billion stock swap that the
companies say will create a “Linux powerhouse.”
“Both firms have recently refocused their businesses around
the open-source operating system after going through several
directional shifts. Corel has at times developed Java
applications, handheld devices and office suites. Recently, it
announced a major Linux initiative, launching a desktop version of
Linux in November as well as plans for Linux versions of its Office
suite and CorelDraw and Photo Paint packages later this year.”
“Inprise/Borland recently announced plans to offer a Java
development environment for Linux and said Kylix, its set of rapid
application development tools for Linux, will be released later
this year.”