Feeds

Surprise, Surprise, Corel gets Inprise

Another Linux 'powerhouse' is born...

  • alert
  • submit to reddit

Remote control for virtualized desktops

Corel is taking over Inprise/Borland to form what it calls a Linux powerhouse. The Canadian firm is splashing out $2.44 billion of its new-found paper wealth for the privilege. And of course it was The "L" word that made the deal possible. Driving the deal was the recent share price rise on the back of Corel's announcement of a Linux distribution and its WordPerfect suite for Linux. Combined revenues of the two companies, using 1999 data, is $418 million. Inprise/Borland shareholders will own 44 percent of Corel. Cowpland remains as CEO and President, while Dave Fuller, the interim CEO of Inprise, will be Chairman. Corel CEO Michael Cowpland has taken a few risks in his time, the biggest of which was a bold bid for WordPerfect, which he got from Novell at a bargain price, although turning the product around nearly broke Corel's back. Corel and Inprise shares both edged up around 3 per cent on news of the merger. ®

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
ISPs handbagged: BLOCK knock-off sites, rules beak
Historic trademark victory, but sunset clause applies to future blocks
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
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.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.