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Technology Stocks : Corel - Investors with no Humor -- Ignore unavailable to you. Want to Upgrade?

To: Leo Mitkievicz who wrote (962)	3/9/1999 11:17:00 AM
From: Frank Ferrari	Respond to of 1094

Linux Maker Red Hat Gets New Heavyweight Backers dailynews.yahoo.com Tuesday March 9 11:06 AM ET Linux Maker Red Hat Gets New Heavyweight Backers DURHAM, N.C. (Reuters) - Red Hat Software Inc., a top supplier of Linux, an alternative computer operating system to Microsoft's Windows software, Tuesday said that four major computer makers had invested in the company. In a statement, Red Hat said Compaq Computer Corp. (NYSE:CPQ - news), International Business Machines Corp. (NYSE:IBM - news), Novell Inc. (Nasdaq:NOVL - news) and Oracle Corp. (Nasdaq:ORCL - news) had made minority equity investments in the company, joining earlier investors Intel Corp. (Nasdaq:INTC - news) and Netscape Communications Corp. (Nasdaq:NSCP - news) Financial terms of the investments were not disclosed. ''Red Hat chose Compaq, IBM, Novell and Oracle as equity partners because of their leadership positions in the computing industry,'' said Robert F. Young, co-founder and chief executive of Red Hat, in a statement. The equity investment marks the latest show of support for Red Hat from major industry players. Hewlett-Packard Co. (NYSE:HWP - news), Compaq, Dell Computer Corp. (Nasdaq:DELL - news) and IBM had earlier announced plans to support Red Hat Linux on a variety of server and workstation systems. Software giant Microsoft Corp. (Nasdaq:MSFT - news) has said it sees so-called ''open source'' software like Linux as a competitive threat to its dominant Windows franchise. Linux backers view the software as more stable than Windows NT in complex networked computer systems, especially for computers managing Web sites. --------------------------------------------------------------------------------

To: Leo Mitkievicz who wrote (962)	3/9/1999 9:13:00 PM
From: Leo Mitkievicz	Read Replies (3) \| Respond to of 1094

news.com [for personal use only] Corel gets Linux help By Stephen Shankland Staff Writer, CNET News.com March 9, 1999, 12:15 p.m. PT Software tool developer Cygnus Solutions has pulled in another win by hitching itself to the rising Linux star, inking a deal to help Corel move its software to the Unix-like operating system. In an effort to compete with rival Microsoft, Corel has been backing Linux for several months, most notably with a version of its WordPerfect word processor and promises of future editions of all its other office applications, including spreadsheets, databases, and illustration software. But translating all that software to Linux is a monumental task. Enter Cygnus, a company that makes its living by writing the software tools necessary to let programmers write software for new chips. Cygnus most recently benefited from Linux's ascendancy with funding from Intel to help Linux benefit from the new instructions in Pentium MMX and Pentium III chips. Cygnus will help Corel by beefing up its own GNUPro software tools, the company said. For example, it will improve the compatibility with Windows software development tools so programmers won't have to change much code when getting software originally written for Windows to work on Linux. Another key part of Corel's strategy to get its software working under Linux is supporting the Wine effort, a Linux feature that lets Windows programs run unchanged on Linux machines.