Corel is in the process of reorganising into three autonomous business units, to prevent it losing focus as it diversifies.
The first unit to split off, in about a month's time, will be Corel Computing. This will house the firm?s network computer, due to ship by mid-May, its videoconferencing products and various Java tools.
It will employ 100 of Corel?s existing 1,600 staff, have a separate profit and loss account, and is scheduled to go public by the end of the year.
Eric Lefebvre, Corel?s European marketing manager, said: ?For Corel, diversifying has been great, but it?s hard to talk about the different product lines because there are so many of them now. This move was necessary to ensure each product got full attention from the salesforce and the marketing people. The aim is to have greater focus and give each of the businesses more of a chance to grow in its own right. Also in the past, R&D money was spread over each of the three units, but in future, they?ll all pay for their own.?
The second unit to be spun out will house Corel?s CD-Home business, which comprises multimedia games and educational material.
The company aims to sell a majority share in the organisation to a third party, but intends to retain a stake and also to continue promotional work for its product line.
The third unit will be the original Corel applications business, consisting of Corel Draw and the Wordperfect office suite, including Office for Java.
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