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Technology Stocks : Applix is back in action -- Ignore unavailable to you. Want to Upgrade?

To: David Wise who wrote (2814)	8/31/1999 3:30:00 AM
From: TheLineMan	Read Replies (1) \| Respond to of 3014

Not an OZEMY!

To: David Wise who wrote (2814)	8/31/1999 7:21:00 AM
From: Robert Dirks	Respond to of 3014

Linux propels Corel shares to new high Tuesday, August 31, 1999 David Akin Financial Post, with files from Reuters and Bloomberg News Enthusiasm for anything connected with Linux, the computer operating system available free of charge via the Internet, helped propel shares in Corel Corp. to a new 52-week high yesterday. Shares in the Ottawa-based company closed up $1.35 in Toronto at $9.65. In the two trading sessions since Thursday, the stock has climbed 44%. The company had little to say yesterday about the rise in its share price. "There's no new news out of Corel," said Nicole Sanford, a Corel spokeswoman. "There certainly has been a lot of movement with Linux companies as of late and ... Corel is receiving the benefit from that because we are one of the Linux players." Other high-tech stocks to benefit from the Linux connection on U.S. markets included Applix Inc. of Westboro, Mass.,which rose $21/8 (US) yesterday and Cranbury, N.J.-based Ariel Corp., which rose $4 3/8 (US) to $69/16. Applix runs a Web site that provides services and technical support for Linux users. Corel and Applix also make business software that works with Linux such as word-processing and spreadsheet programs. Ariel makes modem cards that let Internet service providers use Linux. "People are excited about the Linux marketplace and when you look at the valuations of comparable companies, it's driving interest in Corel stock prices," said David Wright, a Toronto-based research analyst at Nesbitt Burns. Investor enthusiasm for Linux-related companies has increased since the initial sale of shares by software maker Red Hat Inc., which has surged more than fivefold in two weeks. While Linux is free, Red Hat, Applix, Corel and Ariel sell related products and services that work with the operating system. Corel's flagship products are its CorelDraw suite and its WordPerfect suite. Corel's WordPerfect product, a word processor, has long struggled to win market share from Microsoft Corp.'s word processing software Word. In an effort to find a market niche not yet exploited by Microsoft and others, Michael Cowpland, Corel's chief executive, is aiming at developing applications for and supporting the Linux community. A Linux version of WordPerfect can be downloaded for free from Corel or is available in stores, with additional graphics, an instruction manual, and support services, for $50. By the end of the year, Corel, like RedHat, will distribute its own version of Linux. Corel's version will have a graphical user interface and be suitable for desktop computers, a niche not yet exploited by Linux publishers. Linux is an operating system particularly well-suited to run the powerful servers frequently found at the heart of a corporate network, or on the Internet. Some experts say that Linux, which can be used for free, is a compelling alternative for some applications to Microsoft's Windows NT operating system, which can cost hundreds of dollars. Some analysts suggest the price gains in Corel and other firms associated with Linux were sparked by two events. First, the companies were mentioned late last week on RadioWallStreet, an influential U.S. business program. Second, Sun Microsystems Inc. announced plans yesterday to acquire privately held Star Division Corp., a maker of open-source office productivity software that runs on Linux. Sun's move is seen by investors as yet another legitimization of the Linux movement.