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

To: Mark Sobkowicz who wrote (693)	6/24/1998 6:17:00 PM
From: A. Reader	Read Replies (4) \| Respond to of 1094

Hi Mark, Corel Corporation Releases Better than Predicted 1998 Second Quarter Results and Announces Consolidation Ottawa, Canada - June 24, 1998 - Corel Corporation today released better than predicted financial results for its second quarter of fiscal 1998 ended May 31, 1998. All amounts are reported in US currency. At the same time, the company announced a major consolidation, blending its Utah operations into Ottawa in order to increase R&D synergies across its product line. This move will strengthen the company both financially and from a product perspective. Corel reported net sales of $63 million and a net loss of $8.3 million or $(0.14) per share for the second quarter. At May 31, 1998 the Company's current asset position stood at $72.6 million, including $17.3 million in cash and short-term investments. "We said we would strategically contain costs, control inventory and optimize product levels in our distribution channels. We have done these things," said Michael O'Reilly, Corel Corporation's vice president finance and chief financial officer. "Our Q2 results, which are better than most analysts predicted, clearly demonstrate the fulfillment of our commitment to return to financial stability and we are now ready to complete the next steps in our business efficiency program," he added. A major element of Corel's consolidation plan, which will result in estimated savings of $33M annually, is the transfer of research and development from Corel's Orem, Utah engineering center to engineering facilities in Ottawa. This move will reduce the total workforce by approximately 20%. At the same time Corel Computer Corporation (CCC) will be reintegrated as a division of Corel Corporation. These changes will be undertaken immediately. "This decision was not taken lightly, rather with the best interests of our customers and shareholders in mind. We'll see increased R&D synergies across product lines and substantial cost savings from this consolidation. It strengthens our products, strengthens our fiscal outlook and sets the stage for the next two years," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. Under Corel's consolidation plan the Company will transfer development of Corelr Word Perfectr, Corelr Quattror Pro, Corelr PresentationsT and OpenJT, which is currently co-developed by both sites, to its Ottawa office, which currently produces Corelr Paradoxr, Corel VENTURAT, CorelDRAWT, Corelr Print OfficeT, the Corel Print HouseT Magic line, Corel GALLERYT Magic, and Corelr Professional Photos. In addition, the international product localization performed in Orem will be consolidated with the bulk of Corel's localization work currently done at its facility in Dublin, Ireland. Corel's engineering facility in New Hampshire will continue to develop the innovative new Corel jBridgeT tool that makes it possible to deploy unmodified Windowsr applications across networks to a number of different operating systems. In Orem the consolidation will result in the majority of 530 positions being phased out over the next two months, while Ottawa, New Hampshire and Dublin will see the creation of approximately 190 jobs. Approximately 150 of these jobs will be in Ottawa. The Company will offer outplacement services to Utah employees as well as the opportunity to apply for positions at Corel's other engineering centers. "This orderly transition will be seamless to our customers. The products produced in Orem have reached an ideal level of maturity and our Ottawa site has senior engineers leading teams with expertise in transferring and further developing such products," Dr. Cowpland said. This press release contains statements that are forward looking as that term is defined by the US Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as customer demand, product ship schedules, PC shipment growth, product mix, competitive products and pricing, technological shifts and other issues discussed in the Company's Report on Form 10-K and other reports filed with the Securities and Exchange Commission corel.com

To: Mark Sobkowicz who wrote (693)	7/7/1998 8:58:00 PM
From: Mark Sobkowicz	Read Replies (2) \| Respond to of 1094

Corel Partners with Canto to Provide Media Management Solutions Monday July 6, 4:35 pm Eastern Time Company Press Release Corel Partners with Canto to Provide Media Management Solutions OTTAWA--(BUSINESS WIRE)--July 6, 1998--Corel (Nasdaq:COSFF - news; TSE:COS. - news) Upcoming Release of CorelDRAW(TM) 8 for Power Macintosh(R) to Include Cumulus(R) Desktop LE 4.0. Corel Corp. Monday announced it has partnered with Canto Software and licenced Cumulus(R) Desktop LE 4.0 for inclusion in its upcoming release of CorelDRAW(TM) 8 for Power Macintosh . Recognized by several leading Macintosh(R) publications as being a best of breed media asset management tool, Cumulus Desktop LE 4.0 is an ideal complement to CorelDRAW 8 for Power Macintosh. CorelDRAW 8 for Power Macintosh, the design and photo-editing application, provides specialized tools for professional graphic designers and amateurs alike. CorelDRAW 8 for Power Macintosh provides users with thousands of stock images that can be edited or touched up. With the addition of Cumulus Desktop LE 4.0, users will now be able to take advantage of a powerful media management solution to facilitate the organization of their images. ''Cumulus Desktop LE 4.0 is an excellent software tool for media management,'' said John Geleynse, Macintosh product marketing manager at Corel Corp. ''We chose to partner with Canto because we recognize they have some of the best tools available for this program and we believe this will benefit our Macintosh customers in a big way. The inclusion of this product will help us to reach our goal of providing professional and new users with a robust graphics toolkit.'' Jason Taylor, vice president of sales and marketing at Canto Software states, ''It's a natural fit to incorporate a design and photo-editing application and a media management solution into one. By bundling Culumus Desktop LE with Corel's leading application, it allows us to bring media asset management tools to the mass market.'' Cumulus Desktop LE 4.0 is a media management system designed to organize and manage files. With Cumulus Desktop LE 4.0, digital and media professionals can organize, track, preview, copy, move, annotate and archive virtually any type of digital media, including graphic, page layout, presentation, sound, and video files. Cumulus Desktop LE 4.0 has been widely reviewed and is recognized as a powerful media management solution both on Mac(R) OS and Windows(R). Corel will be bundling a full-featured version of Cumulus Desktop LE 4.0 with CorelDRAW 8 for Power Macintosh with a limited catalog size of 2,000 items. Drag and drop functionality will allow users to easily operate between Cumulus Desktop LE 4.0 and CorelDRAW 8 or Corel PHOTO-PAINT(TM) 8. Corel has also developed plug-in filters to allow native CorelDRAW 8 and Corel PHOTO-PAINT 8 file formats to be viewed as thumbnails within the Cumulus Desktop LE 4.0 viewer. CorelDRAW 8 for Power Macintosh will include quality clipart images in Encapsulated PostScript format (EPS), high resolution digital photos in Kodak Photo CD and JPEG format, floating bitmap objects in Tag Image File Format (TIFF), and more. All of this value-added content will be cataloged using the Canto's Cumulus Desktop LE 4.0 technology allowing users to quickly find what they need and integrate it into their documents. Corel Corporation Incorporated in 1985, Corel Corp. 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(TM), Corel(R) WordPerfect(R) Suite, Corel VENTURA(TM), Corel Print House(TM) Magic and Corel(R) WebMaster Suite, ships in over 17 languages through a network of more tommon stock trades on The Nasdaq Stock Market(SM) under the symbol COSFF and on the Toronto Stock Exchange under the symbol COS. For more information visit Corel's Web site at www.corel.com. Canto Software Founded in 1990, as a private software company, Canto Software is the leading supplier of Media Asset Management software applications used by ad agencies, design firms, prepress/print production shops, and print, Web, and multimedia publishers. Canto Software's flagship product, the cross platform Cumulus Media Management System, lets users manage and automate their digital media files in any workflow. Cumulus 4.0 offers configurations for individuals, networked workgroups, and the Internet. It has an installed base of 75,000 users, is distributed in 38 countries through VARs, dealers, and system integrators worldwide. Canto has offices in San Francisco, and Berlin, Germany. For further information, call 415/905-0300, e-mail info@canto.com, or visit Canto's Web site at www.canto.com Corel, WordPerfect, CorelDRAW, Corel PHOTO-PAINT, Corel Print House, the Go Further logo and Corel VENTURA are trademarks or registered trademarks of Corel Corp. or Corel Corp. Limited. Cumulus is a registered trademark of Canto Software Inc. All other product and company names are trademarks or registered trademarks of their respective companies. Contact: Corel Corporation Sue Ann Wright, 613/728-0826 Ext. 5412 E-Mail: sueannw@corel.ca

To: Mark Sobkowicz who wrote (693)	9/17/1998 11:07:00 PM
From: Mark Sobkowicz	Read Replies (1) \| Respond to of 1094

Corel Corporation - Media Alert Thursday September 17, 4:33 pm Eastern Time Company Press Release OTTAWA--(BUSINESS WIRE)--Sept. 17, 1998--Corel(NASDAQ:COSFF - news; TSE:COS. - news) Please join Dr. Michael Cowpland, president and CEO of Corel Corporation, Mr. Michael O'Reilly, CFO and members of Corel's senior management team, for a teleforum on Thursday, September 24, 1998 at 5:00 p.m. EDT to discuss financial results for Q3 1998. Should you wish to participate, please dial the teleforum number 1-800-997-6755 approximately ten minutes before 5:00 p.m. An instant reply number will be provided for 24 hours commencing one hour after the end of the teleforum. The instant replay number is 416-626-4100, passcode access number 984015. The press release announcing Q3 1998 results will be available on Corel's Web site (www.corel.com/news) shortly after 4:00 p.m. on Thursday September 24, 1998. Contact: Corel Corporation Nicole Sanford, 613/728-0826 ext. 5046 nicoles@corel.ca or Corel Corporation Sue Ann Wright, 613/728-0826 ext. 5412 sueannw@corel.ca