Just read in the newspaper today (Toronto Star) that Corel is going to be sold of at $10.10 a share to some San Francisco firm. Could this mean that Bryce might yet have a future?

Was that the infamous MicroScam shares up for divy, or the full Corel?

Corel WANTS to be sold off completely, but no final deal has been inked as of now, but it seems just a matter of time. Below is a cut and paste of the entire article at the Tronto Star. AgentSmith

Corel prepared to accept Vector takeover offer Directors also willing to ponder any better bid San Francisco firm still examining company's books. JOHN WARD CANADIAN PRESS OTTAWA Most of the directors of Corel Corp. are prepared to accept a takeover offer from U.S.-based Vector Capital unless a better bid comes up, chairman James Baillie told the software company's shareholders yesterday. "If they come in with an offer of $1.10 (U.S.) or more (per share), we have not succeeded in finding a better offer and we get an opinion from our financial advisers that that offer is financially fair to shareholders, then we will support it," he said after what may have been Corel's last annual meeting. He noted that members of the board are obligated to take into account the best interests of the shareholders. "At this premium level, we can't disregard it." He said $1.10 a share is 50 per cent above the price of Corel stock at the time Vector advanced its proposal. One shareholder in the audience said he'd rather hang on. "I'd prefer to stay to the end of the movie, rather than take a partial refund 20 minutes before the end." More than two weeks after announcing Corel is for sale, Baillie said no other suitor has come forward for the maker of CorelDraw graphics software and WordPerfect office programs for personal computers. Corel and Vector announced a standstill agreement March 24 that gives the San Francisco investment firm 30 days to have a closer look at the Ottawa software company before deciding whether to make a formal offer. "They are still doing their due diligence," Baillie said. Vector, already a major shareholder since buying Microsoft Corp.'s stake in Corel last month, agreed that if it makes a further takeover bid for Corel in the next six months it will be for at least $1a share. Corel's directors have said they would support an offer of $1.10 or more from Vector, but were free to look for another suitor. Even as Baillie spoke of the possible sale of the software firm, president and chief executive officer Derek J. Burney was forecasting a profit in the financial year ending Nov. 30. Two weeks ago, Corel reported a loss of $574,000 (U.S.) in its first quarter an improvement from a year-earlier loss of $3.15 million. Burney blamed sagging sales of CorelDraw and WordPerfect, which he said were off 10 per cent and 17 per cent respectively. Corel shares closed unchanged at $1.30 (Canadian) on the Toronto Stock Exchange.

Looks like Vector Capital agreement with Corel will give them "first buyer" priveledges until April 23rd. Vector Capital can give a buy out quote during that time, but Corel can opt to let the 30 days run out, and see if there will be any higher bidding comapnies out there. Doesn't look like there will be (imho) Vector Capital is agreeing to at least buy them out for $1 a share even after the 30 days. And, of course the new question; What will Vector Capital do with Corel's properties, and our Bryce? AgentSmith

Attached Link: http://www.vectorcapital.com/

Yeah, been watching them...

It's an interesting play for them if you look at their portfolio. It doesn't really seem to be a good fit. They are slightly diversified but seem a little heavier in tech than in software that produces an end product. The good news to that I think is that it doesn't appear that they want Corel assests to drop them into their other portfolio companies. It COULD mean they think Corel is a winner with better management, or it could mean they have some other plan up their sleeve.

I say it is time for BryceTech to live up to his April Fools day post..... lol ;o) Hopefully Bryce is gonna live on. I would sure hate to see it fade away.

Now if they get Bryce, watch the next version try to take over all your 3D files and anything associated. Would you like some Spyware with that Bryce? LOL... Errr... D'oh!

The drawing tonight is $30M cdn. I got my tickets!

I've just sent an email to the folk at Venture asking what they are going to do with Bryce if they buy Corel. I also suggested they visit here and see the support that's out there for Bryce. If we all write a little note to them it may trigger something constructive and let them see that their working on Bryce might be a good move. Another thing, has anyone heard from Doc Mojo recently?, I think Rayraz said he has Doc's email so maybe he could write him and find out what he thinks. Catlin

Attached Link: http://www.renderosity.com/members.ez?Who=Doc+Mojo