* MICROSOFT BAILS OUT COREL WITH $135 MILLION STOCK PURCHASE

[Furmanek, Greg]

They sure do not want to be broken up, don't they?

The Wolf

-> -----Original Message-----
-> From: Art Wagner [mailto:awagner@uswest.net]
-> Sent: Tuesday, October 03, 2000 2:50 PM
-> To: plug-discuss@lists.PLUG.phoenix.az.us
-> Subject: Re: * MICROSOFT BAILS OUT COREL WITH $135 MILLION STOCK
-> PURCHASE
-> 
-> 
-> If I am not badly mistaken other reports on this bailout mentioned
-> that the shares M$ acquired are NON-VOTING.
-> 
-> rleonard wrote:
-> > 
-> > * MICROSOFT BAILS OUT COREL WITH $135 MILLION STOCK PURCHASE
-> > In a move reminiscent of its 1997 $150 million Apple 
-> bailout, Microsoft
-> > surprised the high-tech world late yesterday by announcing 
-> a similar
-> > deal with besieged Corel, which has been floundering 
-> lately on the edge
-> > of bankruptcy. Under terms of a new strategic alliance 
-> between the two
-> > companies, Microsoft has purchased $135 million worth of 
-> Corel stock.
-> > In return, Corel will work with Microsoft to develop the .NET
-> > initiative and participate in trade shows, product 
-> launches, and other
-> > events. Corel recently moved into Microsoft territory by offering a
-> > rival OS based on Linux, and the company also ported its 
-> WordPerfect
-> > Office suite and CorelDRAW products to Linux. But an 
-> attempt earlier in
-> > the year to become a "Linux powerhouse" failed, and Corel 
-> has fallen on
-> > hard times. Corel maintains, however, that the Microsoft 
-> alliance won't
-> > affect its Linux products
-> > 
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