“The Ottawa-based firm peaked at C$15 in heavy morning trade on
the Toronto Stock Exchange before settling back to C$12.90. The
C$2.70 gain — an increase of 26.4 percent — came as nearly 3.4
million shares traded hands. On Nasdaq, the issue gained $1- 15/16
to trade at $8- 7/8.”
“The gains come as Merrill Lynch Canada upgraded its long-term
rating on Corel to accumulate from neutral, though its short-term
rating remains at accumulate.”
“Corel also announced Tuesday morning that it is testing its
desktop version of Linux, an open source operating system that is
seen as a contender to Microsoft Corp.’s Windows NT.”
“Corel further said it has struck research and development
partnerships for its Linux efforts with Royal Philips Electronics
NV Speech Processing , Loki Entertainment Software, Webb
Interactive Services Inc., eFax.com Inc., and GraphOn
Corp.“