How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.69

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To: Al Bearse who started this subject	10/2/2000 6:48:52 PM
From: DiViT	Read Replies (1) of 74651

Microsoft invests $135 million in ailing Corel By Michael Kanellos and Ian Fried Staff Writers, CNET News.com October 2, 2000, 3:25 p.m. PT update Microsoft has invested $135 million in Corel, a struggling rival in the software application market, under a new strategic relationship centered on Microsoft's so-called .Net initiative. Corel, which recently saw its founder and former CEO Michael Cowpland abruptly resign, has been in dire financial straits since the the collapse of a proposed merger with Inprise. Under the deal with Microsoft, the Redmond, Wash.-based software giant has bought 24 million shares in the Canadian company. The purchase gives Microsoft a 24.6 percent share of the company, but without voting privileges. news.cnet.com

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