* MICROSOFT BAILS OUT COREL WITH $135 MILLION STOCK PURCHASE

[Art Wagner]

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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