Microsoft Parts Ways with Corel?

In what appears to be a move to dodge yet another Department of Justice investigation, Microsoft Corporation may be selling its shares in Corel Corporation--at half the price it bought those shares. According to the S-3 registration statement filed by Corel Corporation Feb. 21, 24 million Series A shares will be converted to common shares and then registered for sale by Microsoft. This step is necessary because the Series A shares are not convertible by Microsoft directly. <BR>What the registration does not say is how many of these converted shares Microsoft will actually put on the selling block. But, if Microsoft sells all of these shares at the proposed price of $2.5625 per share, then Microsoft would only make $61.5 million--a figure that represents half of the $135 million price Microsoft paid for the shares in October, 2000. <BR><A HREF="http://linuxtoday.com/news_story.php3?ltsn=2001-02-22-009-20-NW-CL-MS" TARGET=new>Read More</A>