Corel's Internet Strategy a Clear Winner -- E-Commerce Efforts Receive WebSeller Symposium Award.OTTAWA--(BUSINESS WIRE)--Feb. 10, 1999--Corel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COSFF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COS.) has received the award for Best Software Internet Strategy at the WebSeller Symposium, a recent conference in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif. Beating out competitors such as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Consumer Software, Macromedia and Microsoft, Corel received the award for Best Software Internet Strategy after a closed ballot vote by 45 Web sellers. The event was co-sponsored by El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.-based Merisel Inc., and Beechwood, Ohio-based Levin Consulting. "We are very honoured that Corel has received such an award," said Dr. Michael Cowpland Michael Cowpland (born April 23, 1943) is a Canadian entrepreneur, businessman, and the founder and one-time president, chairman and CEO of Corel, a Canadian software company. Cowpland was born in Bexhill, Sussex, England and obtained a BSc. , president and chief executive officer of Corel Corporation. "Recognition at the WebSeller Symposium is further affirmation that our new Internet strategy is working and that we are meeting the challenges of increased demand on the Internet." Corel recently increased its commitment to the Internet as a means of communicating, community building and selling, which led to a 400 per cent jump in online sales in 1998. Corel developed a new Internet Sales team and increased its commercial presence by leveraging partnerships with many e-channel resellers which helped the company achieve record e-commerce sales. Corel's eStore(tm) at www.corel.com/shop is focusing on downloadable products and exclusive offerings such as the Corel(R) Studio images available at the eStore gallery. The Internet will also be a prime focus for the highly anticipated product launches of CorelDRAW(tm) 9, Corel PHOTO-PAINT(tm) 9 and WordPerfect(R) Office 2000. Corel's Web site will also be a primary source for on-line training and technical support for these products and more. The WebSeller Symposium took place Feb. 3 to Feb. 5, 1999, and was attended by some of the industry's top resellers such as Beyond.com, Buy.com, and Egghead.com. Among the 60 manufacturers in attendance were 3Com, Acer, Apple, Epson and Yamaha. Corel Corporation Corel Corporation is an internationally recognized developer of award-winning graphics and business productivity applications. Development of market-leading products such as the CorelDRAW line of graphics applications and the Corel(R) WordPerfect(R) Suite of business tools is continually evolving to meet the demands of the corporate, retail and academic markets. Committed to performance, compatibility, value and open standards, Corel develops products for the Windows(R), Macintosh(R), UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R), Linux(R) and Java(tm) platforms. Corel's common stock trades on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (sm) under the symbol COSFF and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol COS. For more information visit Corel's Web site at www.corel.com. Corel, WordPerfect, CorelDRAW, Corel PHOTO-PAINT, eStore and the Go Further logo 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. |
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