SAN MATEO (04/24/2000) - Corel Corp. informed the U.S. Securities and Exchange Commission last week that it could run out of cash within 90 days if its merger with Inprise/Borland does not go through. Corel and Inprise/Borland announced on April 10 that the waiting period for the merger had expired. Corel recently posted a first quarter loss of $12.4 million, and company representatives said they expect to post more losses during the next six months. Should the merger be approved, the new Corel would offer a single source for a range of Linux productivity applications, development tools, and professional services.
Microsoft Corp. for the quarter ending March 31 reported net income of $2.4 billion, up from $1.9 billion a year ago. Revenue for the quarter was $5.7 billion, a 23 percent increase from the $4.6 billion reported in the same quarter of 1999. Earnings per share was 43 cents compared with 35 cents per share in the same quarter last year. Company officials in a statement said PC manufacturers' revenue was light as demand remained low, and that Microsoft remained guarded about its near-term growth prospects. Microsoft has shipped 1.5 million copies of Windows 2000 since launching it Feb. 17.
Oracle Corp. today plans to make its internet File System (iFS) for the Oracle8i database available to 700,000 members of the Oracle Technology Network (OTN). Oracle iFS is a file system and development platform designed to increase user productivity and collaboration through automatic version control, check-in/checkout, and advanced search. It can also be used to create advanced Web applications such as corporate portals, Oracle officials said. Oracle iFS is available today to OTN members for use on the Sun Solaris platform.
Microsoft last week had another private antitrust lawsuit lodged against it when Washington lawyers filed one on behalf of local residents who purchased the software giant's Windows 98 operating system. The latest in a string of lawsuits filed against the company, the suit accuses the software maker of charging a "monopoly price" for Windows 98. Parties are seeking unspecified monetary damages. A Microsoft representative could not comment on the lawsuit.
Novell this week will make its ScheMax 1.1 eDirectory schema tool available as a free download at www.novell.com/download#nds. As a directory-based administration tool and part of Novell's NetConsole product family, ScheMax 1.1 helps manage the directory tree and lets organizations customize their directories through a GUI. Administrators can set policies and configure software with the NetWare Administrator utility as well as allow individual users to update their own directory data.
Lucent Technologies' NetworkCare consulting arm early next month plans to roll out a professional services group and a software solution aimed at helping emerging carriers introduce network services and increase their reliability.
The multivendor network consulting group, called ServiceWorks, will be the first in a series of consulting programs, according to Lucent officials.