* MICROSOFT BAILS OUT COREL WITH $135 MILLION STOCK PURCHASE

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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