[AccessD] OT Corel Office

 Everyone I knew at Corel in Ottawa has left or been laid off.  It was 
fine in the early 90's. Then Micheal Cowpland started having visions and 
insider trading problems. His ex partner,  Sir Terrance Mathews at Mitel 
has restarted Mitel recently. For you golfer types he owns Druid's Glen 
in Wales
Microsoft took a hundred million loss on its Corel share sales.
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  Corel's office suite will likely disappear and its graphics software 
sold to another vendor, observers said following its invitation for a 
takeover bid from a venture capital  firm Monday april 7 2003

Ottawa-based Corel said it had signed a non-disclosure and standstill 
agreement with Vector Capital's  subsidiary, Vector CC Holdings, L.L.C , 
that could lead to an acquisition proposal once it has completed a due 
diligence review. Corel also said its board has engaged CIBC World 
Markets to seek out other potential offers.

The move comes about two weeks after Vector Capital, based in San 
Francisco, bought out the 22.89 million shares from Microsoft, which it 
can convert for an approximately 20 per cent stake in the company. Corel 
said it will agree to anything $1.10 per share or higher. Vector has 
agreed to pay no less than $1.00 a share, but  won't oppose a competing 
offer of $1.25 or higher.
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If you want latest news releases at business.ca go here and search corel

http://www.plesman.com/index.asp?theaction=61&sid=51334

John Bartow wrote:

>I can't remember where but I just read that Corel is looking for someone to
>buy them.
>
>JB
>
>-----Original Message-----
>From: accessd-bounces at databaseadvisors.com
>[mailto:accessd-bounces at databaseadvisors.com]On Behalf Of
>Mwp.Reid at Queens-Belfast.AC.UK
>Sent: Thursday, April 10, 2003 1:04 PM
>To: accessd at databaseadvisors.com
>Subject: [AccessD] OT Corel Office
>
>
>Anyone any inside contacts at Corel?
>
>Martin
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