February 15, 2001 |
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%.
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.
January 24, 2001 |
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.
October 3, 2000 |
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.
May 17, 2000 |
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.