Microsoft Writes Off Corel

Posted by ryuzaki0 on Tuesday March 11, 2003 @10:11AM 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."

1 of 391 comments (clear)

Min score:

Reason:

Sort:

Re:Microsoft antitrust case... by dagg · 2003-03-11 10:22 · Score: 0, Redundant

Exactly. Microsoft keeps the competition afloat just long enough to keep the anti-Monopolists off its tail. Once the heat is off, drop off the competition at the nearest truck stop. I'm sure there is more to it then this, but this explains why Microsoft just didn't bury Corel to begin with.

--
Sex - Find It