Corel to sell Linux operating system unit – sources

Reuters: “Canadian software developer Corel Corp. (COR.TO) is expected to sell the majority of its Linux division on Wednesday to a privately held startup, a move that
would end its commitment to developing the Linux desktop operating system
software.

A source close to the negotiations told Reuters on Tuesday that a newly
formed company called Xandros will pay $2 million for the Linux unit, a
division that comprised about 14 percent of Corel’s total business as of January 2001.”