| Author |
Corel aquires WinZip
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| Mike B 2006-04-08, 6:55 pm |
| Am I misreading the Corel IPO document or am I correct in saying that they
intend to aquire WinZip from Venture Capital at a cost of around $100
million. The cost consists of payment on WinZip's bank debt of $19.2 million
and the issuing of 4 322 587 shares with an estimated $19/share at the IPO
price.
Seems like quite a steep price to pay for an almost end-of-life compression
utility.
regards
Mike
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| Mike B 2006-04-08, 6:55 pm |
| Sorry, a typo.
Should be Vector Capital and not Venture Capital.
Mike
"Mike B" <mikeb@hotmail.com> wrote in message
news:GZmdnR_JXuX5VarZnZ2dnUVZ_tWdnZ2d@is
.co.za...
> Am I misreading the Corel IPO document or am I correct in saying that they
> intend to aquire WinZip from Venture Capital at a cost of around $100
> million. The cost consists of payment on WinZip's bank debt of $19.2
> million and the issuing of 4 322 587 shares with an estimated $19/share at
> the IPO price.
>
> Seems like quite a steep price to pay for an almost end-of-life
> compression utility.
>
> regards
> Mike
>
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| Sportman 2006-04-08, 6:55 pm |
| Mike B wrote:
> Am I misreading the Corel IPO document or am I correct in saying that they
> intend to aquire WinZip from Venture Capital at a cost of around $100
> million. The cost consists of payment on WinZip's bank debt of $19.2 million
> and the issuing of 4 322 587 shares with an estimated $19/share at the IPO
> price.
>
> Seems like quite a steep price to pay for an almost end-of-life compression
> utility.
I assume Corel also take over the domain winzip.com with round 260,000
unique visitors a day what alone has already a value between
$33-200mln. So I shall say not so bad deal when they can turn WinZip in
a WinRAR competing compressor. But they need to hurry because WinRAR
becomes more popular every day; rarlab.com has already round 400,000
unique visitors a day.
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| X-No-Archive: yes
"Sportman" <sportman@gmail.com> wrote in message
news:1144512786.861540.174180@j33g2000cwa.googlegroups.com...
> Mike B wrote:
they[color=darkred]
million[color=darkred]
IPO[color=darkred]
compression[color=darkred]
>
> I assume Corel also take over the domain winzip.com with round 260,000
> unique visitors a day what alone has already a value between
> $33-200mln. So I shall say not so bad deal when they can turn WinZip in
> a WinRAR competing compressor. But they need to hurry because WinRAR
> becomes more popular every day; rarlab.com has already round 400,000
> unique visitors a day.
>
>
I like 7-zip. Are there any plans to use it in the new utility?
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| Einstein 2006-04-10, 7:59 am |
| Seems to me they will absolutely hate that 100 million dollar loss they
will take, lol
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| Jim Leonard 2006-04-10, 6:55 pm |
| Mike B wrote:
> Am I misreading the Corel IPO document or am I correct in saying that they
> intend to aquire WinZip from Venture Capital at a cost of around $100
> million. The cost consists of payment on WinZip's bank debt of $19.2 million
> and the issuing of 4 322 587 shares with an estimated $19/share at the IPO
> price.
>
> Seems like quite a steep price to pay for an almost end-of-life compression
> utility.
I agree with you. They must have some good pitch-men at WinZip, or
some deluded people at Corel.
The bigger surprise to me was that Corel was still alive!
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| >Seems to me they will absolutely hate that 100 million dollar loss they
>will take, lol
Could someone point me to that document on the Corel site?
Can't find it :-(
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