Looking for a new life in Linux

Article Abstract:

Canadian company Corel has acquired Inprise/Borland for $1.07 in a stock swap. Corel, known for it's WordPerfect Office product was able to afford the software developer because of the popularity of it's Corel Linux, whichis marketed for desktop computers. The merger, and the wide open market for Linux applications gives the new company a chance to put a chink in Microsoft's monopolistic armor.

Systems Software Pkgs (Micro), Product development, Operating system, Operating systems (Software), Linux (Operating system)

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Corel and Inprise/Borland cancel merger; market changes cited

Article Abstract:

Inprise/Borland Corp. and Corel Corp. have dropped their $1 bil-in-stock merger plan. Two Inprise/Borland shareholder groups sued the company to block the deal as shares in Corel fell 73% since the February announcement of the merger. For each Inprise/Borland share, its holder was to receive .75 Corel shares. Inprise/Borland will not have to pay a $30 mil breakup fee. Corel lost $18.8 mil in Q1 of 2000. Today Corel shares are trading at $6, down from a high of $44.50 this year. Inprise/Borland share price is $6.125.

Statistical Data Included, Company acquisition/merger

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Corel's Inprise buy under review

Article Abstract:

Ottawa, Ont.-based Corel Corp. has acquired Scotts Valley, Calif.-based INPRISE Corp. in a deal that has been valued at $1.1 billion. Corel, which is waiting for regulatory approval of the deal, is a leading Canadian software maker.

Asset sales & divestitures

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