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Corel responds to Linux sale speculation
The official line is there is no official line. Or something like that
Corel issued a major press announcement this afternoon to announce there's... er... nothing to announce. Yet. Maybe.
The troubled software company's statement followed reports from industry sources that it's selling its Linux division to Linux Global Partners for $5 million in cash and a 20 per cent stake in a new company to be formed out of the spun-off operation.
The statement admits that such a move is being considered the review of Corel's corporate strategy initiated by new CEO Derek Burney. It also admits that the company has been talking to other firms about a "variety of issues". But since it's policy not to comment on such discussions, it's not going to say anything - so you'll just have to wait until it has something to say.
In other words, Corel is commenting about not commenting on something it has no intention of commenting upon - at least, that is, it has something to comment on.
Er... thanks, folks - that's really cleared it up.
However, we do now know that Burney's State of the Nation speech will take place early next year and not any day now as originally planned. ®
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