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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."

3 of 391 comments (clear)

  1. Because by rxed · · Score: 0, Offtopic

    Lets hope VC will port to Linux some parts of .NET

  2. Swell by Torinaga-Sama · · Score: 1, Offtopic

    a tree falls alone
    in this forest no one cares
    no shortage of leaves

    --
    (/local/home/curiosity)-#who -u|grep thecat|cut -c 44-49|xargs kill -9
  3. Re:Well... by The+Bungi · · Score: 0, Offtopic

    BWAHAHAHAH!!!