[Am-info] Corel Bought By Venture Capitalists
John J. Urbaniak
jjurban@attglobal.net
Sun, 08 Jun 2003 16:05:57 -0400
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"Fred A. Miller" wrote:
>
>
> http://www.corel.com/servlet/Satellite?pagename=Corel/Company/PressRoom/PressRelease&id=1044393442588&prid=1047021962405
>
> They could just say they they went broke and are
> leaving the market at $1.05 a share. (A bit less than
> Redhat sells for). Or they could say, "Ok, ok, so we
> partnered with Microsoft and for some unknown reason,
> we went bankrupt. Darn bad luck. Has anyone else had
> this problem when partnering with Microsoft?"
>
Yes, I'm especially delighted. Corel had a version of their Draw package for OS/2 back in the 90's. It was all ready to be
released. Cowplant stated in an interview in, I think, "OS/2 Magazine" that it would be released.
Then all of a sudden they dropped it. Cowplant said he never said it would be released and that the interview was wrong.
It seems clear that Microsoft got to Corel back then in their quest to quash any OS/2 development. It seems also clear that
Corel made their deal with the devil. Now the price is to be paid.
I am also positive that IBM made a similar Faustian deal back then. IBM will pay the price too.
John
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<p>"Fred A. Miller" wrote:
<blockquote TYPE=CITE>
<p><a href="http://www.corel.com/servlet/Satellite?pagename=Corel/Company/PressRoom/PressRelease&id=1044393442588&prid=1047021962405">http://www.corel.com/servlet/Satellite?pagename=Corel/Company/PressRoom/PressRelease&id=1044393442588&prid=1047021962405</a>
<p>They could just say they they went broke and are
<br>leaving the market at $1.05 a share. (A bit less than
<br>Redhat sells for). Or they could say, "Ok, ok, so we
<br>partnered with Microsoft and for some unknown reason,
<br>we went bankrupt. Darn bad luck. Has anyone else had
<br>this problem when partnering with Microsoft?"
<br> </blockquote>
Yes, I'm especially delighted. Corel had a version of their Draw
package for OS/2 back in the 90's. It was all ready to be released.
Cowplant stated in an interview in, I think, "OS/2 Magazine" that it would
be released.
<p>Then all of a sudden they dropped it. Cowplant said he never said
it would be released and that the interview was wrong.
<p>It seems clear that Microsoft got to Corel back then in their quest
to quash any OS/2 development. It seems also clear that Corel made
their deal with the devil. Now the price is to be paid.
<p>I am also positive that IBM made a similar Faustian deal back then.
IBM will pay the price too.
<p>John
<br>
<br>
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