interesting bit of news from the ACP newswire service. Dave. Microsoft invests in Corel This year, Corel has seen the loss of its CEO and mass staff sackings in a bid to return to profitability. However, today the company announced that Microsoft would be investing $US135 million in it. Microsoft is buying 24 million nonvoting shares at $US5.62. In return, Corel will work on developing its software in line with Microsoft's .Net strategy for moving applications online. The deal effectively marks the end of Corel's push into the desktop suite market. Read the full story at http://newswire.com.au/apcweb/news.nsf/HTML/AllHeadlines/9CD598150017EB21CA25696C007D0B60 * ------------- -- SLUG - Sydney Linux User Group Mailing List - http://slug.org.au/ More Info: http://slug.org.au/lists/listinfo/slug
