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Technology Stocks : Corel - Investors with no Humor -- Ignore unavailable to you. Want to Upgrade?

To: A. Reader who wrote (367)	1/26/1998 9:50:00 AM
From: Stang	Read Replies (1) \| Respond to of 1094

News: newsalert.com (Full text of press release from Canadian Corporate News) JANUARY 26, 1998 Corel Corporation and Dragon Systems Announce Strategic Alliance OTTAWA, ONTARIO--Corel Corporation and Dragon Systems, Inc. announced today an exciting new strategic alliance. Under the terms of the agreement, Corel and Dragon Systems will partner to speech enable future versions of the Corel WordPerfect Suite Legal Edition* by incorporating Dragon NaturallySpeaking, the world's first continuous speech recognition product for general purpose use. The partnership will bring together high-quality engineering expertise from complementary technologies to create some of the most compelling speech-enabled technology products on the market. "We are extremely excited to be integrating Corel's hot technologies with our award-winning speech recognition software," said Dr. Janet Baker, president at Dragon Systems Inc. "I'm sure this alliance will allow both companies to create some of the best products available on the market today, and in the future." "This alliance illustrates our continued commitment to the legal community," said Dr. Michael Cowpland, president and chief executive officer at Corel Corporation. "By leveraging our more than 60 percent word processing market share among legal professionals and Dragon's best-of-breed technology we are poised to create another hit in the legal industry." Corel Corporation Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning developer and marketer of productivity applications, graphics and Internet software for the corporate and retail markets. Corel's products, which run on most operating platforms, are consistently rated among the strongest in the industry. The company's product line, including CorelDRAW , Corel WordPerfect Suite, Corel VENTURA and Corel WebMaster Suite, ships in over 17 languages through a network of more than 160 distributors in 70 countries worldwide. Corel is traded on the Toronto Stock Exchange (symbol: COS) and the NASDAQ National Market System (symbol: COSFF). For more information visit Corel's Web site at www.corel.com. Dragon Systems, Inc Dragon Systems, Inc., the Natural Speech Company, is a worldwide leader in PC speech recognition. Dragon develops and markets high-performance, cost-effective speech and language technology tools that, in multiple world languages (including American English, British English, French, German, Italian, Spanish and Swedish) enable users to create any text, issue commands and enter and access data simply by speaking. The company also licenses its technology worldwide through developers, distributors, resellers, OEMs (Original Equipment Manufacturers) and ISVs (Integrated Software Vendors). Dragon Systems ports its technology across multiple operating systems and hardware platforms from hand-held devices and personal computers to workstations, and is pursuing leading-edge research and development projects for computer and telecommunications applications. Founded in 1982, Dragon Systems is headquartered in Newton, Massachusetts; its Dragon Systems UK Ltd. subsidiary, which is focused on speech recognition for telephony and high- noise environments, is based in Cheltenham, England; Dragon Systems GmbH is located in Munich, Germany. Dragon Systems can be found on the world wide web at: naturalspeech.com or www.dragonsys.com. *Corel WordPerfect Suite Legal Edition is only available in North America Corel, WordPerfect, CorelDRAW and Corel VENTURA are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. All other product and company names are trademarks or registered trademarks of their respective companies. Dragon Systems and DragonDictate are registered trademarks of Dragon Systems, Inc. NaturallySpeaking and The Natural Speech Company are trademarks of Dragon Systems. All other trademarks are the property of their respective holders. FOR FURTHER INFORMATION PLEASE CONTACT: Corel Corporation Press Contact Annette MacDonald (613) 728-0826 ext. 1971 annettemacorel.com www.corel.com or Dragon Press Contact Renee L. Blodgett (617) 796-0348 reneebdragonsys.com www.dragonsys.com www.naturalspeech.com