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Technology Stocks : Corel - Investors with no Humor
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To: Leo Mitkievicz who wrote (630)5/15/1998 11:03:00 PM
From: A. Reader  Read Replies (1) of 1094
 
Hi Leo,
Why Borland has succeeded in redefining itself as a Java company--and why Corel has not.
...A swing and a miss
Instilling confidence was exactly what the software developer Corel was trying to accomplish when it announced its commitment to Java in 1996. Founded in 1985, the company built its franchise around desktop graphics software. Steady growth led to an IPO in 1992, and the opportunity for continued prosperity seemed limitless. By 1995 Corel's success had gone to the head of the company's outspoken CEO and founder, Michael Cowpland. In early 1996 Corel bought Novell's WordPerfect suite for $158 million, and Mr. Cowpland trumpeted Corel's intention to break Microsoft's monopoly on word processing software.

Predictably, Corel's foray made allies of everybody in the anti-Microsoft camp, including Sun. In an attempt to ride the wave of enthusiasm for Java, Corel announced its intention to develop WordPerfect applications in Java--with little regard for the implications of developing in a nascent language. "Corel was blinded by the excitement of being in Java," Mr. Wallace says. "Nothing they were doing took advantage of the new network paradigm: their idea was simply, Hey, look, now it's in Java!"
herring.com

Hey look now it's in Linux!
Kurt
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