LinuxGram: Corel's Linux Spin-off DelayedFeb 05, 2001, 23:03 (5 Talkback[s])
(Other stories by Maureen O'Gara)
"Corel chief Derek Burney was hoping to clinch the anticipated spin-off of Corel's Linux operation in time to trumpet it this week at LinuxWorld in New York. Alas, the deal hasn't come off yet and Burney said Thursday morning that it could be another month in the making."
It has been widely reported that Corel will be spinning the unprofitable unit out into a new company being set up by the New York-based venture capitalist Linux Global Partners, which has interests in swat of small Linux concerns."
"Evidently the idea is to bring the pieces together under a single umbrella. Corel's desktop Linux distribution coupled with the unreleased work it's done to produce a server version of the thing would presumably be the cloth holding the umbrella concern together, creating another generic Linux commercializer in an already littered marketplace. It seems the intentions are to be full-service because Burney muttered something about embedded as well."