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Technology Stocks : Corel Corp.

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To: Scott Volmar who wrote (8460)1/7/2000 12:26:00 PM
From: Greg Jung  Read Replies (2) of 9798
 
Scott, if you like the announcment then the appropriate
stock strategy is graphon, not Corel. The product will work through any X-window.

About GraphOn
GraphOn develops and markets thin, server-based software to speed, centralize
and simplify enterprise computing and enable efficient network deployment of
applications to a wide variety of devices and platforms. GraphOn products will be
unified under the Bridges name and include the components UNIXBridge and
LinuxBridge, formerly the GlobalHost Universal X Server of GO-Global, first thin
client X server for Windows PCs, GO-Joe, the first thin client X server for
Java-enabled desktops (including web browsers), and GO-Between, the first thin
client X server for multi-user NT (such as Microsoft Terminal Server and Citrix
WinFrame). Also being added to Bridges is WinBridge, formerly codenamed
jBridge, which enables deployment of 32-bit Windows applications over the
Internet and is scheduled for general release late 1999. Fully functional demos of
GraphOn's products are available from the Company's web site at
graphon.com. GraphOn is headquartered in Campbell, California and
has offices in Seattle, Washington, Concord, New Hampshire, and Reading, UK.
Investors can obtain financial and corporate information at www.sec.gov.


CAMPBELL, CA - November 8, 1999 - GraphOn Corporation (www.graphon.com)
(Nasdaq: GOJO) today reported revenue of $1.1 million for its third fiscal quarter
ended September 30, 1999, as compared to $336,000 recorded in the third quarter of
fiscal 1998, an increase of 228%. The increase is due to a rise in OEM license
revenue. Net loss was $1.6 million in the 1999 quarter as compared to $976,000 in
the prior year. Loss per common share on a basic and diluted basis was $0.15 per
share, compared with a loss of $0.26 per share in the year-earlier period.

For the first nine months of fiscal 1999, GraphOn's revenue increased 63%
year-over-year to $2.4 million due to increased demand for OEM license sales. Net
loss was $5.6 million or $0.59 per share as compared to a loss of $1.4 million or $0.39
per share the year before. Included in the 1999 nine months results is amortization
and depreciation charges ($2.4 million non-cash charges) and research and
development costs aggregating approximately $3.1 million relating to the jBridge
acquisition from Corel.

GraphOn's balance sheet at the end of the third fiscal quarter reported cash, cash
equivalents and available for sale securities of $3.8 million, compared with $1.8
million at the December 1998 fiscal year-end.
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