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

To: A. Reader who wrote (698)	6/26/1998 7:42:00 AM
From: A. Reader	Respond to of 1094

The moves will have no immediate impact on the company's products, according to Don Sylvester, senior vice president of sales for Corel. "I think what customers are going to see initially is no change at all in terms of services and products as they exist right now," Sylvester said. Users, however, are skeptical. "My concern is whether it's an indication that the product is weakening or whether its competitive position is slipping further," said Harry Glass, a special assistant for the U.S. Department of Health and Human Services, in Washington. The layoffs were announced at the same time Corel reported a net loss of $8.3 million on sales of $63 million for its second fiscal quarter, ended May 31. "First and foremost, we're doing this because it's the right business decision," Corel's Sylvester said. "It's important for us to maximize our operational efficiencies and effectiveness by consolidating our research and development into one space." zdnet.com

To: A. Reader who wrote (698)	6/26/1998 7:43:00 AM
From: A. Reader	Read Replies (1) \| Respond to of 1094

It marked the end of an era of sorts: In its heyday, WordPerfect was the dominant word processor -- until the company flubbed a transition to Windows, giving Microsoft Word an opening it never relinquished. "I think people were surprised," said Peterson who now works as an independent software entrepreneur in Utah. Corel bought WordPerfect in 1996 from Novell Inc., which had earlier acquired the company as an essential component of a grand strategy orchestrated by former CEO Ray Noorda to compete against Microsoft Corp. However, the acquisition failed to generate the expected benefits. The integration of WordPerfect into Novell went slowly and product delays put the subsidiary that much farther behind Microsoft in the office suite wars. www8.zdnet.com