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Corel Rises on Cash Infusion

Author:

Linux-developer

Corel

(CORL)

was up 3.4% at midday after it announced a

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share purchase deal currently worth $56 million. The agreement represents a much-needed cash infusion for the company, which faces slumping sales and the recent high-profile resignation of its CEO. Competitor

VA Linux

(LNUX)

was up 12.5%.