Corel directors to vote today on poison pill strategy

Article Abstract:

The board of directors of Ottawa, Ontario-based software developer Corel Corp's will vote on a proposed antitakeover plan designed to fight hostile acquisition bids. The software company has launched the poison pill strategy on the threat of a possible takeover bid by rival Adobe Systems Inc. However, the plans would still have to be approved by Corel shareholders. The software has 68 million fully diluted shares, with founder and CEO Michael Cowpland owning a 10.1% stake.

Financial management, Corel Corp.

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Microsoft shuffle not seen affecting court case

Article Abstract:

Redmond, Wash.-based Microsoft Corp. has announced several top executive changes, including the decision by Bill Gates to step down as the software giant's top exectuive position. Microsoft said the management shakeup will not have any impact on its defense against the U.S. Department of Justice's antitrust lawsuit.

Prepackaged software, Executive changes & profiles, Officials and employees, Computer software industry, Software industry, Microsoft Corp., Appointments, resignations and dismissals, MSFT

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