Wednesday, April 05, 2006

Corel plans IPO of 8 million shares | CNET News.com

Corel plans IPO of 8 million shares CNET News.com: "Canadian software maker Corel filed with U.S. regulators on Tuesday for an initial public offering of up to 8 million shares at $18 to $20 a share.
The company plans to sell 5 million shares, and Vector Capital, the private equity company that took Corel private in 2003, plans to sell 2.95 million shares. "

I don't get it -- Corel has been vanquished by Microsoft in productivity suites, Adobe in creative tools, and now faces serious challenges from open source initiatives such as OpenOffice.org as well...
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