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Corel Corp

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BUSINESS
February 1, 1996 | From Times Wire Services
Novell Inc. said Wednesday that it has agreed to sell WordPerfect and a host of other software applications to Canada's Corel Corp. for $197 million--about a quarter of what it paid for the assets 1 1/2 years ago. The deal would make graphics software maker Corel the second-largest independent vendor of word-processing and office software, but it would also put the small Ottawa company in direct competition with Microsoft Corp.
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BUSINESS
August 29, 2006 | From Reuters
Corel Corp. said it would buy InterVideo Inc. for $196 million in cash, rounding out its portfolio of multimedia software offerings. Shares of Fremont, Calif.-based InterVideo, whose software lets users record, edit and play digital audio and video content, rose 32%, or $3.05, to $12.65 after Corel's $13-a-share offer was announced. Ottawa-based Corel gained 16 cents to $10.04.
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BUSINESS
February 3, 2001
* Corel Corp. said it had a fourth-quarter loss of $8.6 million, or 12 cents a share, compared with net income of $4.6 million, or 8 cents, a year earlier. The maker of WordPerfect and CorelDraw software said revenue fell 34% to $40.4 million.
BUSINESS
June 7, 2003
* Comcast Corp. completed the sale of its share of a cable joint venture to billionaire Paul Allen for $728 million, after twice postponing the transaction. * Corel Corp., the unprofitable maker of WordPerfect, agreed to be acquired by the investment firm Vector Capital Corp. for about $97.6 million. * A federal judge ordered former Cisco Systems Inc.
BUSINESS
January 24, 2001 | Bloomberg News
Corel Corp., maker of WordPerfect and CorelDraw software, said it plans to sell its Linux computer-operating system business as part of a strategy to return to profitability by midyear. Corel said it will hold a stake in the Linux business after it's sold. It will continue to make programs that work on the Linux operating system, which is an alternative to Microsoft Corp.'s dominant Windows.
BUSINESS
October 3, 2000 | Associated Press
Microsoft Corp. is taking a $135-million stake in Corel Corp., the Canadian firm that makes WordPerfect and other software for the competing Linux operating system. Under the deal announced, Microsoft will buy 24 million Corel nonvoting convertible preferred shares at $5.63 each, making the Redmond, Wash.-based company one of Corel's largest shareholders with a 24.6% nonvoting stake.
BUSINESS
May 17, 2000 | Bloomberg News
Corel Corp. called off its proposed purchase of Inprise/Borland Corp. of Scotts Valley, Calif., a deal originally valued at $1.07 billion, after Corel's falling shares slashed the value of the agreement by two-thirds. Corel stock has plunged since the Feb. 7 agreement on concern that the company isn't making money from its push into software that runs on the Linux operating system.
BUSINESS
February 8, 2000 | JAMES MOSHER, BLOOMBERG NEWS
Corel Corp. agreed to buy Inprise Corp. for $1.07 billion in stock in what would be the largest Linux acquisition ever. Corel, which makes software for the Linux operating system as well as for Windows and Apple systems, will exchange 0.747 share for each Inprise share, valued at $14.94, 13% more than Inprise's closing price of $13.25 on Monday. Corel said it will issue 53.7 million shares to acquire Scotts Valley, Calif.-based Inprise's 71.7 million shares.
BUSINESS
February 15, 2001 | JUBE SHIVER Jr., TIMES STAFF WRITER
The Justice Department is investigating Microsoft Corp.'s $135-million investment in Canadian rival Corel Corp., raising a new antitrust issue for the beleaguered software giant. The Justice Department is examining whether Microsoft's stake in Corel could thwart competition in key business software products--such as text editors and spreadsheets--that Microsoft dominates with a market share of more than 90%.
BUSINESS
February 15, 2001 | JUBE SHIVER Jr., TIMES STAFF WRITER
The Justice Department is investigating Microsoft Corp.'s $135-million investment in Canadian rival Corel Corp., raising a new antitrust issue for the beleaguered software giant. The Justice Department is examining whether Microsoft's stake in Corel could thwart competition in key business software products--such as text editors and spreadsheets--that Microsoft dominates with a market share of more than 90%.
BUSINESS
February 3, 2001
* Corel Corp. said it had a fourth-quarter loss of $8.6 million, or 12 cents a share, compared with net income of $4.6 million, or 8 cents, a year earlier. The maker of WordPerfect and CorelDraw software said revenue fell 34% to $40.4 million.
BUSINESS
January 24, 2001 | Bloomberg News
Corel Corp., maker of WordPerfect and CorelDraw software, said it plans to sell its Linux computer-operating system business as part of a strategy to return to profitability by midyear. Corel said it will hold a stake in the Linux business after it's sold. It will continue to make programs that work on the Linux operating system, which is an alternative to Microsoft Corp.'s dominant Windows.
BUSINESS
October 3, 2000 | Associated Press
Microsoft Corp. is taking a $135-million stake in Corel Corp., the Canadian firm that makes WordPerfect and other software for the competing Linux operating system. Under the deal announced, Microsoft will buy 24 million Corel nonvoting convertible preferred shares at $5.63 each, making the Redmond, Wash.-based company one of Corel's largest shareholders with a 24.6% nonvoting stake.
BUSINESS
July 20, 2000 | Reuters
Troubled Canadian software maker Corel Corp. said it will bundle its graphics software package with a new line of Hewlett-Packard scanners. Corel said in a prepared statement it will bundle the Corel Photo-Paint 8 for Power Macintosh computers and Corel Print Office 2000 with the Hewlett-Packard ScanJet 5370C scanner, products that target the small- and home-office market. In late June, Corel announced a bundling deal for its Print House 2000 software with H-P, the world's No.
BUSINESS
June 7, 2003
* Comcast Corp. completed the sale of its share of a cable joint venture to billionaire Paul Allen for $728 million, after twice postponing the transaction. * Corel Corp., the unprofitable maker of WordPerfect, agreed to be acquired by the investment firm Vector Capital Corp. for about $97.6 million. * A federal judge ordered former Cisco Systems Inc.
BUSINESS
May 17, 2000 | Bloomberg News
Corel Corp. called off its proposed purchase of Inprise/Borland Corp. of Scotts Valley, Calif., a deal originally valued at $1.07 billion, after Corel's falling shares slashed the value of the agreement by two-thirds. Corel stock has plunged since the Feb. 7 agreement on concern that the company isn't making money from its push into software that runs on the Linux operating system.
BUSINESS
May 2, 2000 | Bloomberg News; Reuters
Everyone's glass appears to be half full on this one. Shares of Red Hat Inc. (ticker symbol: RHAT), VA Linux Systems Inc. (LNUX) and Corel Corp. (CORL) gained Monday on expectations that the software makers' sales could increase if rival Microsoft Corp. (MSFT) is split into two companies. Microsoft rallied too, as some analysts said a breakup of the world's largest software maker would be good for investors, giving them stakes in two formidable companies. VA Linux rocketed $18.
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