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Technology Stocks : Corel Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Peter H. Mack who wrote (8094)	12/15/1999 3:07:00 PM
From: Ellen	Read Replies (1) \| Respond to of 9798

Sorry, should have included: that's what I heard, can't confirm on news wires yet. Anybody have DJ?

To: Peter H. Mack who wrote (8094)	12/15/1999 3:12:00 PM
From: Ellen	Respond to of 9798

Corel's Chief Financial Officer To Leave Company Next Year: Executive Vice President Of Finance Michael O'Reilly To Help Manage Transition Business Editors OTTAWA--(BUSINESS WIRE)--Dec. 15, 1999--COREL(NASDAQ:CORL) (TSE:COR.) Corel Corporation (NASDAQ: CORL, TSE: COR) President and chief executive officer Dr. Michael Cowpland announced today that he has reluctantly accepted a notice of resignation from Michael O'Reilly, the Company's executive vice president of finance and chief financial officer. "Michael O'Reilly has done an outstanding job at managing Corel's finances and overseeing the streamlining of the Company that put us back on a profitable track," said Dr. Cowpland. "Michael's positive impact has been felt throughout Corel and he will be sorely missed." Mr. O'Reilly will remain with Corel as it searches for a suitable replacement. Until a replacement is found, Mr. O'Reilly will continue to direct Corel's financial operations, including the delivery of Corel's financial results for the fiscal fourth quarter and year end 1999. "It is highly gratifying for me to be able to leave Corel on such solid footing with new opportunities ahead," said Mr. O'Reilly. "I will be staying on to ensure a smooth transition to the incoming CFO." Mr. O'Reilly has not announced his future intentions. Mr. O'Reilly joined Corel in 1997 after a 21-year career with KPMG, one of the world's largest international accounting and consulting firms where he was a senior Tax Partner. Mr. O'Reilly was integral to the restructuring of Corel and the return to profitability in fiscal Q4 1998 and the recent back-to-back profitable quarters in fiscal Q2 and Q3 that exceeded analysts' estimates. Corel Corporation Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system solutions on the Windows(r), Linux(r), UNIX(r), Macintosh(r) and Java(tm) platforms. Corel also develops market-leading, Web-based solutions including applications, contents, e-commerce and online services. For access to these services and more information go to www.corel.com or www.corelcity.com. Corel is headquartered in Ottawa, Canada. Corel's common stock trades on the NASDAQ Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. Corel, WordPerfect, CorelDRAW, Corel LINUX OS, PHOTO-PAINT, Ventura Publisher, Print House, Print Office, Gallery, Custom Photo and the Go Further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. UNIX is a registered trademark of The Open Group. All other product names are trademarks of their respective companies. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. --30--jlm/in* CONTACT: Corel Corporation Stuart McCarthy, 613/728-0826 ext. 5433 E-mail: stuartm@corel.com Web Site: www.corel.com or Corel Corporation Daniela Gaudert, 613/728-0826 ext. 1333 E-mail: danielag@corel.com or Corel Corporation John Hladkowicz, 613/728-0826 ext. 1194 E-mail: johnh@corel.com KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com