Corel unloads hardware units

Article Abstract:

Corel Corp of Ottawa, Ontario has acquired a 25% stake in Hardware Canada Computing Inc (HCC) of Nepean, Ontario. The software company paid for the stake by swapping its Netwinder family of products. HCC has an estimated annual revenue of C$60 million from making and reselling line of products based on the Unix programming language. Corel posted a loss of C$30.4 million on revenue of C$246. million in 1998, from a loss of C$231.7 million on C$260.6 million in 1997.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Hardware Canada Computing Inc.

---

Entrust makes e-business investment

Article Abstract:

Plano, Texas-based Entrust Technologies Inc. has acquired Santa Clara, Calif.-based enCommerce Inc. for about $470 million in stock. Entrust Technologies, which is a spinoff from Nortel Networks Corp., will expand into the e-commerce equipment sector through the deal.

Prepackaged software, Computer software industry, Software industry, Mergers, acquisitions and divestments, Entrust Technologies Inc., ENTU, enCommerce Inc.

---

Similar abstracts:

• Abstracts: Nortel shares sink after hours. Analysts slash Nortel estimates
• Abstracts: Tensions build in market crime unit. Amended securities rules make suing harder
• Abstracts: Nortel swamps markets. CAE's growth targets on track, president says
• Abstracts: Chapters Online buys gardening site. CIBC eyes stake in U.S. on-line credit card bank. Dynasty expected to hire broker to find buyer, partner
• Abstracts: Vivendi finalizes deal for USA Networks assets. Bronfmans win in Seagram deal

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.