Friday, July 01, 2005

CRN | Breaking News | Corel Chairman Plans To Get Acquisitive

CRN | Breaking News | Corel Chairman Plans To Get Acquisitive: "MEHTA: About two years ago, Corel was a public company, and it was focused on over a dozen different lines of business. We decided to take the company private and refocus the company entirely around WordPerfect, Draw and our other channel-centric products. We got out of the business of being anything that was not channel-centric. And over the course of the last two years, we spent all our energy revitalizing Corel as a brand that represents the most credible alternative to Microsoft and Adobe."

Ah, so Corel is now in the low-margin, high-volume virtual shelfware business.
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