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Technology Stocks : Corel Corp.

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To: Sans Souci who wrote (6044)	1/20/1999 4:17:00 PM
From: Sal Pugliese	Read Replies (2) of 9798

Corel Computer NetWinder(tm) Division to be Acquired by Hardware Canada Computing biz.yahoo.com OTTAWA, ONTARIO--Corel signs letter of intent to receive 25 percent equity stake in one of Canada's fastest growing IT companies Corel Corporation and Hardware Canada Computing (HCC) today announced they have signed a letter of intent to transfer the Corel Computer NetWinder(tm) division to HCC in exchange for a significant ownership position. Under the terms of the agreement, HCC will acquire all of the assets of Corel Computer supporting the NetWinder family of Linux(r)-based thin client/thin server computers and other consideration, in exchange for a 25 percent equity stake in HCC. The agreement is expected to close by the end of Corel's fiscal first quarter 1999, subject to certain closing conditions including necessary approvals. No further details of the transaction are being released at this time, until all terms of the agreement are finalized.....

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