Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (529)	4/4/1998 7:54:00 AM
From: A. Reader	of 1094

COREL SUIT HEADS TO U.S. COURT Corel Corp. will appear in Dallas court Wednesday for an injunction hearing launched by Texas-based Micrografx Inc. Micrografx wants Corel to stop selling its latest version of Print House Magic 3, because it infringes the "look and feel" of its American Greetings CreataCard software. The proceeding, headed by Judge Buchmeyer, senior judge for the northern district of Texas, will hear testimony and depositions. It's not expected the court will deliver a ruling on the injunction immediately, though a decision may come in about two weeks. Meanwhile, Micrografx will continue its pursuit of a lawsuit to hear allegations that Corel took features from its software and infringed source code. The company is also examining Corel's latest Print House Magic Deluxe which includes graphics, photos and animated on-line greeting cards. "We're looking into that with a great deal of interest," said Ed Pearce, Micrografx vice-president of corporate development and general counsel. Micrografx has sold more than four million copies of CreataCard since 1996. A Feb. 12 effort at mediation between the two firms failed. canoe.com

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