Corel redraws its future

Article Abstract:

Corel Corp. (Ottawa) is trying to reinvent itself to ensure its long-term future after it had amicably terminated its $1.1-billion (US) merger deal with Inprise/Borland Corp. The deal was supposed to boost Corel's plan to become the dominant player in the Linux market, which is seeing strong growth as computer users seek more robust, cheaper alternatives to Microsoft Corp.'s Windows operating system. Despite the deal's collapse, Corel is well positioned to benefit from its huge investment to make Linux-based versions of its software. More than two million copies of Corel's WordPerfect software and 200,000 copies of its Linux operating system have been downloaded from the Internet for free. The challenge for Corel is how to make people pay for these products. Corel restructuring strategy also includes a plan to reduce its annual costs by $40-million.

Strategy & planning, Corel Corp., CORL

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RIM earnings meet expectations

Article Abstract:

Waterloo, Ont.-based Research in Motion Ltd. has reported profits of $3.2 million for the fourth quarter ended February 29, 2000. The software manufacturer, which also reported $25.8 million in revenues for the same period, has introduced its new wireless product, the Blackberry 957 personal digital assistant, to compete against Palm Computing Inc.'s Palm Pilot.

United States, Electronic computers, Computers, Electronic Computer Manufacturing, Product introduction, Computer industry, Product information, Personal digital assistants, Research in Motion Ltd., Palm Computing Inc.

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724 Solutions stock expected to soar

Article Abstract:

Industry analysts said that the stock price of Toronto, Ont.-based 724 Solutions Inc., which is planning an initial public offering, may reach $100 per share. 724 Solutions, which is a software company, is taking advantage of the market's interest in wireless and Internet-related companies.

724 Solutions Inc.

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