Corel's Linux Development Ahead of Schedule: CorelDRAW 9 for Linux to ship two months early.Business Editors OTTAWA--(BUSINESS WIRE)--April 11, 2000 Corel Corporation (company) Corel Corporation - A software publisher best known for the CorelDraw application. Founded in June 1985 by Dr. Michael Cowpland, Corel Corporation was originally a systems integration company. (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 : CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : COR.) is pleased to announce impressive developments on its Linux(r) graphics initiatives. CorelDRAW(r) 9 for Linux(r) will be available in July, two months earlier than scheduled. In addition, Corel VENTURA(tm) Publisher 8.5 for Linux(r) and Windows(r) will be available by the end of this year and the free download of Corel PHOTO-PAINT(r) 9 for Linux(r) will be available in June. CorelDRAW 9 Graphics Suite for Linux will be the first robust, mature and full-featured graphics suite for the Linux platform. It will give Linux users access to the same outstanding graphics tools currently only available on the Macintosh(r) and Windows platforms. "We promised to bring our two flagship products to Linux by the end of this year - and we're delivering," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. "We are the leading applications vendor for Linux and now we're broadening the scope of applications available for Linux on the desktop." Corel VENTURA Publisher 8.5 will be available for Linux and Windows by the end of the year. This is the first update to this product since 1998. Major refinements in this release include strengthening PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. (Portable Document Format (file format) Portable Document Format - (PDF) The native file format for Adobe Systems' Acrobat. PDF is the file format for representing documents in a manner that is independent of the original application software, hardware, and operating system used to create those documents. ) and Web functionality. PDF is the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, for distributing documents electronically. Increased focus on PDF and Web capabilities will provide Linux and Windows users with powerful multi-use publishing alternatives. "This expedited date is a credit to the cooperation between our engineers and the open-source WINE community," said Derek Burney, executive vice president of engineering and chief technology officer of Corel Corporation. "Our inventive and aggressive Linux and Windows initiatives have enabled us to develop simultaneous versions of Corel VENTURA Publisher 8.5 for Linux and Windows." The first beta of CorelDRAW 9 for Linux was sent to beta sites April 7. This beta includes Corel PHOTO-PAINT 9 for Linux, which will be released as a stand-alone free download in June. This continuing momentum has helped Corel to open up another market for Linux products and further enhance its existing Windows market. Following the launch of Corel(r) LINUX(r) OS in November 1999, Corel's U.S. retail market share for Linux increased more than eight times to 19.3 per cent as of February 2000. Prior to the release of Corel LINUX OS, the company held 2.3 per cent of the retail market share based on sales of Corel(r) WordPerfect(r) 8 for Linux(r). Corel also released WordPerfect(r) Office 2000 for Linux(r) in March. Corel Corporation Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system solutions on the Windows(r), Linux(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), Macintosh(r) and Java(tm) platforms. Corel also develops market-leading, Web-based solutions including applications, contents, e-commerce and online services. For access to these services and more information go to www.corel.com or www.corelcity.com. Corel is headquartered in Ottawa, Canada. 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 CORL 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 COR. This press release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to Corel's most recent reports filed with the Securities and Exchange Commission. Corel, WordPerfect, CorelDRAW, Corel PHOTO-PAINT, Corel VENTURA and the Go further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. Windows is a registered trademark of Microsoft Corporation. Macintosh is a registered trademark of Apple Computer Inc. All other products, fonts, company names and logos are trademarks or registered trademarks of their respective owners. |
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