Feeds

Corel chief denies Red Hat takeover bid

Cowpland happily looks forward to good times coming

  • alert
  • submit to reddit

New hybrid storage solutions

Corel chairman Mike Cowpland has poured cold water on the rumour that his company was being stalked by Red Hat, adding somewhat improbably that it was Corel's new product announcements that sent its stock soaring, rather than Red Hat's alleged interest. Instead, Cowpland expects increased revenue to be feeding through soon, and is making noises about Corel buying-in new technology, rather than being acquired itself. In his view, it appears, Corel is now a stable financial proposition with prospects, and doesn't need to get together with anybody else. This might however turn out to be a little bit premature. Corel does now seem to be in a position to benefit from the Linux boom, but the company's had a rocky road to follow over the past few years, and has had to undergo a deal of refocusing. The situation now might look a lot better than it was, but it's early days to be shouting 'renaissance' too loudly. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.