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Yahoo!/Reuters: Corel to Sell Linux Operating System Unit-Sources

Aug 28, 2001, 19:30 (29 Talkback[s])
(Other stories by Ian Karleff)

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"Canadian software developer Corel Corp. (NASDAQ:CORL) is expected to sell the majority of its Linux division on Wednesday to a privately held startup, a move that would end its commitment to developing the Linux desktop operating system software.

A source close to the negotiations told Reuters on Tuesday that a newly formed company called Xandros will pay $2 million for the Linux unit, a division that comprised about 14 percent of Corel's total business as of January 2001.

'At this time there is nothing new to report,' said a Corel spokeswoman. She reiterated that Corel is still looking to shed its Linux distribution business, which does not include software applications based on Linux."

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