April 4, 2006

Corel's US IPO - Will It Bring in the CA$H

Corelis going to launch an IPO in the US and Canada. What does this mean? It means that the public markets will have the chance to vote on the viability (or not) of Corel. Although Corel's a gnat of a company compared to the giant Microsoft, in its own right it has a sizeable customer base and is the only viable competitor to Microsoft.

OpenOffice.org and other "free" software does "compete" to some degree with Microsoft but not like Corel does - which has been around for years, and years and years.

The Word Perfect franchise is not Corel's only ace but it's got a huge base of graphics users in its Corel Draw application.

The AP writes Besides WordPerfect Office, its graphics and publishing software brands include CorelDRAW Graphics Suite, Corel Paint Shop Pro and Corel Painter.

Last month, Corel won a contract worth as much as $13.2 million over five years, to provide the latest version of WordPerfect Office to more than 50,000 lawyers and other Justice Department employees.

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