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Technology Stocks : Corel Corp.

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To: micromike who wrote (102)	5/2/1997 12:06:00 PM
From: A. Hayer	of 9798

Corel chief executive expects business on the Internet to reach $200 billion by 2000 ottawacitizen.com Corel chief executive Michael Cowpland predicted yesterday that business on the Internet will soar to $200 billion by 2000 from just $15 billion in 1996. He told a conference on Internet strategies for business at the Congress Centre that Internet business "is growing at a 20 per cent rate monthly." Mr. Cowpland, who is making a big bet on the Internet in his pursuit of a bigger and more profitable Microsoft, predicted that intercorporate transactions will lead the way, accounting for about $65 billion in sales in 2000 compared to about $600 million last year. This summer Corel will bring out the first office suite software program designed for Java, the Internet programming language that could break Microsoft Window's near-monopoly on computer operating systems. ------------------------ ah

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