Corel Plans Asia Pacific HQ In Sydney 04/07/00
RELATED SYMBOLS: (MSFT)(CORL)
SYDNEY, AUSTRALIA, 2000 APR 7 (Newsbytes) -- By David
Frith, Computer Daily News. Canada's Corel Corporation
[NASDAQ:CORL] is to set up an Asia-Pacific headquarters in
Sydney, as it gears for a big push into the desktop Linux
scene, president/CEO Michael Cowpland has revealed during a
brief Sydney visit.
It will share offices with Inprise/Borland, subject of a
planned merger with Corel, reports online Australian news
service ITNews.
Cowpland told the news service around five percent of Corel
software sales worldwide in the first quarter of this year
were on the Linux platform.
Over the next two quarters, Linux sales should reach 10
percent of total revenue, said Cowpland. "Within a few
years we'll be 50/50 (Linux versus Windows)," he added.
"We'll probably do about US$20 million globally selling
Linux software this year," Cowpland said. This would equate
to under 10 percent of Corel's $250 million in global
revenues.
He added: "We want to make sure we're the king of the hill
on the Linux side. The market is now moving from Microsoft
proprietary to open web standards."
Corel is looking to take equity stakes in Linux vendors in
Australia and across the Asia-Pacific region, said Cowpland.
Patrina Gaskin has been named Corel's Sydney-based regional
manager, Pacific Rim, reporting to Sandie Overtveld,
Corel's vice president, Asia-Pacific, Middle East and
Africa.
Reported By Newsbytes.com, newsbytes.com
04:51 CST (20000407/WIRES ASIA, PC, BUSINESS/) |
