Corel was once a company boasting a GNU/Linux strategy. It was a promising leader with plenty of resources at its disposal. Then, a mysterious deal was signed with Microsoft and the company embraced things like .NET. Initially it had promised to keep its GNU/Linux direction alive, but the promise didn't last. Over the years it become more and more of a Microsoft-oriented company. It spat out Xandros though.
Corel in Talks to Sell Itself After Vector Ends Buyout Offer
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Corel, founded in 1985 by Michael Cowpland, earned acclaim for its CorelDraw graphics program in the 1990s. In 1996, the company paid $170 million to Novell Inc. for the WordPerfect word-processing software, which competes with Microsoft Corp.'s Word. Cowpland stepped down in 2000 after sales dropped.
Corel Corp., the maker of WordPerfect and CorelDraw software, said Vector Capital Corp. is withdrawing its buyout offer so Corel can pursue alternatives to increasing shareholder value.
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Corel, founded in 1985 by Michael Cowpland, won fame for its CorelDraw graphics program in the 1990s. In 1996, the company paid $170 million to Novell Inc. for the WordPerfect word- processing software, challenging Microsoft Corp.'s Word. Cowpland stepped down in 2000 after sales dropped.