"Corel will soon spill the beans on its plan for recovery -
potentially including the sale of the company's Linux business -
president and CEO Derek Burney has said. The announcement will be
made in three weeks' time."
"Interviewed by InfoWorld, Burney, who took the helm at Corel
last summer following the abrupt departure of long-time incumbent
Michael Cowpland, said the company is now seriously considering
its options. One is to ditch its Linux business, he admitted, or to
buy in new technology. "To be successful in the Linux market,
you need a wider product offering. There's got to be some kind of
acquisition," he said. "It could go either way... there are no
"Of course, with Microsoft now owning 25 per cent of the
company, primarily to prevent another competitor going to the wall
- 'see, we do have competition' - and to kickstart support for MS'
.NET strategy, Corel might well be persuaded that it doesn't need
Linux after all. That the investment was vital to Corel's future,
note Burney's comment: "Clearly the investment puts to rest any
notion of the viability of the company."
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