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Technology Stocks : Corel Corp.

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To: BrownBag who wrote (1486)8/21/1997 9:52:00 AM
From: Graham Marshman   of 9798
 
What Lotus thinks:

BY GEOFFREY ROWAN The Globe and Mail The president of Lotus Development Corp. has excoriated bitter rival Corel Corp. for its strategic
about-face, saying Corel's problem is Corel, and not the increasingly popular Java programming language.

"I would characterize it as not even a blip on the Java road, but I'd characterize it as a train wreck on the Corel journey," said Jeff Papows, president of
Lotus, a division of International Business Machines Corp. that is based in Cambridge, Mass.

"This is the failure of a vendor, not the path they were on," he said.

Mr. Papows was responding to Ottawa-based Corel's decision, announced earlier this week, to drop its efforts to launch a Java-based suite of office
productivity tools - word processor, spreadsheet, data base - called Corel Office for Java.
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