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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: professor who wrote (65800)	10/14/1999 4:21:00 PM
From: Bryan	of 90042

-- Dr. Michael Cowpland and Corel Corporation Respond to Insider Trading -- Investigation by the Ontario Securities Commission Business Editors OTTAWA--(BUSINESS WIRE)--Oct. 14, 1999--Corel Corporation NASDAQ: CORL, TSE: COR) and its president and chief executive officer Dr. Michael Cowpland continue to deny all insider trading allegations by the Ontario Securities Commission. "I am looking forward to finally having a chance to clear my name by responding to these matters which are now more than two years old," said Dr. Cowpland. The investigation of Dr. Cowpland is a private matter between the Ontario Securities Commission and Dr. Cowpland as an individual. As such, it is not expected to affect the Company's day-to-day activities or have any impact on Dr. Cowpland's status as the Company's chairman, president and chief executive officer. The Company looks forward to a speedy resolution of this matter. Neither Dr. Cowpland nor Corel have any further comments on this matter at this time. Corel Corporation

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