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

To: A. Reader who wrote (817)	10/24/1998 7:49:00 AM
From: A. Reader	Read Replies (1) \| Respond to of 1094

COREL BOSS FIRES UP LINUX VS. WINDOWS NT WAR By STUART McCARTHY -- Business Editor It doesn't get any cheaper than this. Corel Corp. boss Michael Cowpland will announce today the company is going to give away free complete suites of its WordPerfect 8 software. The catch -- it will only run on the Linux operating system, a powerful free competitor to Microsoft's Windows NT which companies such as Oracle, Sun Microsystems and Netscape have started supporting in a bid to breach Microsoft's corporate dominance. There are more than 8 million users of the heavily technical system invented by Linus Torvalds, which is similar to the powerful Unix operating system which powers many corporate client/server systems. Cowpland will announce the details today in Atlanta at Linux Expo. "We have always been dedicated to creating software for multiple platforms," Cowpland said in a statement. "We believe the development of software for emerging operating systems such as Linux will serve to create a fair playing field for all software developers." Interested users can preregister on the Internet at www.linux.corel.com for the free download which is expected to be available in November. When the download is available, users will be contacted by e-mail with notice of where they can go to download the application. Corel said the download promotion is "the first stage of Corel's strategy" to address the needs of the Linux community. The download version of Corel WordPerfect 8 for Linux Personal Edition is the first in the Linux product series that also will include a shrink wrapped version, a Server Edition and, in the future, a full suite of applications. Corel's network computer or NC, currently runs on the Linux operating systems. The news comes on the heels of a rocky public relations week for Corel, which insists changes at the company are part of its normal operations. Those changes include the departure of several more managers to join a long list of recent departees. In addition, Corel has replaced its auditors KPMG Peat Marwick Thorne by Coopers and Lybrand. Ironically, Corel's current chief financial officer Michael O'Reilly came from KPMG. Corel has also replaced the law firm of Labarge Weinstein as corporate counsel with McCarthy Tetrault. canoe.com

To: A. Reader who wrote (817)	10/24/1998 7:58:00 AM
From: A. Reader	Respond to of 1094

Changes at Corel overblown: Cowpland ....Corel Corp. has replaced the auditing firm that forced it to slice $33 million off sales estimates earlier this year. KPMG Peat Marwick, which audited Corel's books during its recent financial troubles, has been replaced by Coopers & Lybrand. .....Mr. Cowpland said the changes do not mean Corel is retrenching or retreating from its forecast of profitable results in the next fiscal quarter, the first in two years. He dismissed suggestions that the KPMG was being replaced because of conflicts. "Somebody is grasping at straws and making mountains out of molehills," he said, referring to a front page article in The Financial Post. "It must have been a very slow news day." .....As for the executive departures, Mr. Cowpland said the changes are not significant and do not affect the senior leadership team of the company. ottawacitizen.com