Corel weeks away from Linux sale

OTTAWA: Corel Corp. is weeks away from selling its desktop Linux computer

operating system business for $5 million to New York-based Linux Global

Partners, a source close to the deal told Reuters on Tuesday.

Under the arrangement, Corel will get a 20 per cent stake in the Linux

business and keep its Linux software products, the source said.

Linux is an alternative computer operating system to Microsoft Corp.'s

market-dominating Windows.

Corel announced a new battle plan for growth and profit on Tuesday and said

only that it had plans to spin off the unit.

(C) Reuters Limited 2001.