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Jerry Hayes
Delphi Developer |
AQUISITION NEWS ANNOUNCED!!!2006-07-01 08:32:34 PM delphi259 ANN: Corel Corporation Reports Immediate Aquisition of Borland Products ------------------------------------------------------------------------ Forms new partnership COrel BOrland Limited, (COBOL). Ottawa, July 1, 2006 - Corel Corporation (NASDAQ:CREL; TSX:CRE) today created a new technical powerhouse to be named COBOL. A Corel spokesman reports, "We believe that COBOL is the future of modern computing". He further added that "With the cutting edge products of WordPerfect Office and our previous aquisition of WinZip, COBOL adds the ultimate forward-thinking development platform". Corel reported, "WordPerfect Office currently outsells Microsoft Office 2007 and Microsoft has no commercial Zip utility. Now the addition of COBOL to our marketing line signals the resurgence of Corel on the Windows platform. COBOL is the base of that new direction." "COBOL's inherent self-documenting code style, along with millions of existing customers makes the product a natural introduction", said Corel's president. In related news, Corel announced both Paradox Client/Server Enterprise and dBase VI for DOS. Revenue Decrease 25%; GAAP Net Loss of $(1.19) Per Share; Non-GAAP Adjusted Net Income loss $0.98 Per Diluted Share |