Corel sold off its efforts to create an easy-to-use version of Linux to Xandros in August in exchange for a 5 percent stake in the start-up and a 2 percent stake in its parent company, Linux Global Partners. Corel now is emphasizing more traditional products such as graphics software.
Corel ekes out third-quarter profit
Software maker Corel reported net income of $500,000 for its fiscal third quarter ended Aug. 31, profitable but a penny short of analyst expectations. The company had revenue of $34.2 million for the quarter, compared with $36.4 million for the year-ago quarter. Analysts surveyed by First Call expected net earnings of 2 cents a share. Corel sold off its efforts to create an easy-to-use version of Linux to Xandros in August in exchange for a 5 percent stake in the start-up and a 2 percent stake in its parent company, Linux Global Partners. Corel now is emphasizing more traditional products such as graphics software.
Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors | Semiconductors | Web browsers | Quantum computing | Supercomputers | AI | 3D printing | Drones | Computer science | Physics | Programming | Materials science | USB | UWB | Android | Digital photography | Science Credentials
- Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.