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Microsoft Writes Off Corel

Posted by ryuzaki0 on from the the-end-of-the-road dept.

PizzaFace writes "Microsoft resuscitated Corel two and a half years ago, paying $135 million for a quarter of Corel's equity ownership. Corel talked then about bringing its products to .Net, and even hinted that it might use its Linux expertise to port .Net to Linux. Since then, Corel gave up on the Linux business and isn't talking anymore about .Net, but is instead riding its XML hobbyhorse. So Microsoft is selling its stake in Corel to a VC firm for $13 million, taking a 90% loss on the investment."

2 of 391 comments (clear)

  1. Re:Missing the point by Oliver+Defacszio · · Score: 0, Flamebait
    Why bother? Instead of buying Linux competition, just wait six months and the "companies" commit suicide anyway. Corel was rotting in the sun before Microsoft ever even came near. This is just throwing water on the ashes.

    Now, go ahead and nail me with that flamebait so that everyone can pretend I'm wrong.

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    Inventor of the term 'pardon my French'.
  2. Re:Well, duh by t0ny · · Score: 1, Flamebait
    Microsoft business strategy as usual.

    Huh? MS tends to MAKE money. If you look at firms such as Caldera, RedHat, Mandrake, etc, I would say its business as usual, but not exactly MS business.

    Appple seems to be doing better with Uncle Bill's hot cash injection than Corel did.

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