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Technology Stocks : Corel--$100 in 1998

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To: Robert Lewis who wrote (2132)4/8/1997 11:15:00 AM
From: Stang   of 2329
 
FYI

OTTAWA--(BUSINESS WIRE)--April 8, 1997--(TSE COS., NASDAQ COSFF.) Corel
Corporation, an award-winning developer and marketer of productivity applications, graphics and multimedia software, will bundle Corel Print & Photo House(TM) Select 2.0 with the new HP OfficeJet series 500 printer-fax-copier-scanner.

HP announced an expanded family of OfficeJet all-in-one desktop color peripherals designed for small-business and home-office customers last month.

"This marks an exciting new opportunity for Corel," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. "HP is a global leader in the manufacturing of computing, communications and measurement products and bundling our Corel Print & Photo House Select 2.0 as part of the new OfficeJet series will be extremely advantageous for Corel."

Corel Print & Photo House(TM) is an easy-to-use graphics package designed to help home or small business users create greeting cards, certificates, banners, business forms, signs, calendars and more. Corel Photo House, a brand new photo-editing and bitmap creation application, has been developed to make it easy for users to scan in their own photographs, touch them up, and add fun special effects or create bitmap images using the painting tools. The version of Corel Print& Photo House Select 2.0 included with the OfficeJet series 500 printer-fax-copier-scanner will
be an OEM version with reduced clipart and photo libraries.

HP's new OfficeJet all-in-one products integrate a variety of functions -- including professional-quality color printing, copying, scanning and faxing -- and deliver them in consumer-friendly, space-saving designs at prices that are expected to start at a suggested retail price of $499 (U.S.). HP believes the new OfficeJet all-in-one family will build on the growing
popularity of all-in-one products. Hewlett-Packard

HP is the world's leading supplier of hardcopy products that set the standard for technology, performance and reliability. HP's market-leading products include LaserJet and DeskJet printers,
DesignJet large-format printers, ScanJet scanners and OfficeJet all-in-one products. Hewlett-Packard Company is a leading global manufacturer of computing, communications and measurement products and services recognized for excellence in quality and support. HP has 112,800 employees and had revenue of $38.4 billion in its 1996 fiscal year. Information about HP and its products can be found on the World Wide Web at hp.com . Corel Corporation

Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning developer and marketer of productivity applications, graphics and Internet software. Corel's product line includes CorelDRAW(TM), Corel(R) WordPerfect(R) Suite, Corel(R) Office Professional, CorelVIDEO(TM) and over 50 multimedia software titles. Corel's products run on most operating systems, including: Windows(R), Macintosh(R), UNIX, MS-DOS and OS/2 and
are consistently rated among the strongest in the industry.

The company ships its products in over 17 languages through a network of more than 160 distributors in 70 countries worldwide. Corel is traded on the Toronto Stock Exchange(symbol-COS) and the NASDAQ - National Market System (symbol-COSFF). For more
information visit Corel's home page on the Internet at corel.com .

Corel, WordPerfect, Quattro, Corel Print & Photo House, Corel Photo House, Presentations,CorelVIDEO and CorelDRAW are registered trademarks or trademarks of Corel Corporation
or Corel Corporation Limited. All products mentioned are trademarks or registered trademarks of their respective companies.

CONTACT: Corel Corporation
Carrie Bendzsa, 613/728-0826 ext. 1524
E-mail: carriebe@corel.com
or
Corel Corporation
Cindy Scott, 613/728-0826 ext. 1326
E-mail: cindys@corel.com
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