Corel Announces New Relationships with Sony and Konica: Bundling Deals Enhance Customer Productivity
Updated: Monday, March 19, 2001 09:46 AM ET
OTTAWA--(BUSINESS WIRE)--March 19, 2001--Corel Corporation (Nasdaq:CORL, news, msgs) (TSE:COR.) today announced that it has signed new agreements with Sony Electronics and Konica Photo Imaging, Inc.
Sony will bundle Corel's award-winning business productivity software with Sony's market-leading VAIO(R) computers. Specifically, Corel(R) WordPerfect(R) 9 will be combined with Sony's J 150 and RX 360 desktop computers, enabling customers to take full advantage of the superior word-processing capabilities contained within Corel's flagship business application.
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Corel and Konica will combine their technological expertise to target the high-growth photo-manipulation market. The first initiative in this new relationship will see Corel Print House(TM) 2000 bundled with the new Konica Photo PC PictureShow(R) CD. Konica customers may select the Photo CD option when they drop off their digital or 35 mm film for developing. When they pick up their photographs, they will receive the Konica Photo PC PictureShow CD, which will include photographs in digital format along with Corel Print House 2000.
"We're thrilled to announce these new initiatives. They represent the first step in what we believe will be long and fruitful relationships with Sony and Konica," said Steven Houck, executive vice president of sales for Corel Corporation. "By combining our efforts, we're offering customers an incredible advantage and demonstrating our mutual commitment to providing users with a comprehensive solution tailored to meet their specific computing requirements."
"Consumer comfort level with digital technology and photo manipulation has reached a point where even youngsters are comfortable customizing their own images and photos," said Robert Striano, president and CEO of Konica Photo Imaging Incorporated. "About 25 per cent of Internet-connected households in the U.S. will use film digitization services such as those offered by the Konica Photo PC Picture Show CD. With our product and Corel's graphics know-how, customers will enjoy the fun and experience of photography well past the moment the picture was taken."
Corel Corporation
Corel Corporation provides its customers with the creative tools they need to unleash their imaginations. With its heritage of software innovation and a solid franchise of loyal customers worldwide, Corel has earned its reputation as an internationally recognized developer of award-winning graphics and business productivity applications on the Windows(R), Macintosh(R), Linux(R) and UNIX(R) platforms. In 2001, Corel will continue to expand its support of the Web, delivering the Internet's versatility to customers through exciting Web-based applications, content and services. Corel will also be developing applications for Microsoft's .NET platform as part of its commitment to provide customers with a full range of applications and services over the Internet. With its headquarters in Ottawa, Canada, Corel continues to be one of Silicon Valley North's most exciting and influential software companies. Corel's common stock trades on the NASDAQ Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. For more information on Corel Corporation, please visit www.corel.com.
This press release contains forward-looking statements as defined by the United States Private Securities Litigation Reform Act of 1995, involving the company's expectations about future financial results and other matters. These statements reflect management's current forecast of certain aspects of the company's future business. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results of operations to differ materially from historical results or current expectations. The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate" and similar expressions identify forward-looking statements. Risk factors include shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to Corel's most recent reports filed with the Securities and Exchange Commission for a more complete discussion of the other risks and uncertainties. The factors underlying forecasts are dynamic and subject to change. As a result, forecasts speak only as of the date they are given and do not necessarily reflect the company's outlook at any other point in time. The company does not undertake to update or review these forward-looking statements.
Corel, the Corel logo, Corel Print House and WordPerfect are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited in Canada, the United States and/or other countries. All other product, font, company names and logos may be trademarks or registered trademarks of their respective companies. |
