Corel Corporation Joins Business Software Alliance.OTTAWA--(BUSINESS WIRE)--Dec. 10, 1998-- 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. Will Participate With Other Leading Software Developers as Part of Global Effort to Combat Piracy Corel Corporation (Nasdaq:COSFF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COS) has joined the Business Software Alliance (BSA 1. BSA - Business Software Alliance. 2. BSA - Bidouilleurs Sans Argent. ) as a worldwide member and will participate in anti-piracy and public policy campaigns in Europe, Asia, North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . "We are pleased that Corel will become part of the BSA's efforts to halt software piracy The illegal copying of software for distribution within the organization, or to friends, clubs and other groups, or for duplication and resale. The software industry loses billions of dollars each year to piracy, and although it may seem innocent enough to install an application on a around the globe as well as foster public policy that will expand trade opportunities for one of the fastest growing segments of the world economy," said BSA president and chief executive officer Robert Holleyman. "Corel's membership will help to further BSA's educational and enforcement activities and contribute to the promotion and adoption of governmental policies to protect copyrighted and other creative works on the Internet." Corel has actively worked to prevent software piracy as members of various anti-piracy organizations. In the last year, Corel has run a number of software amnesty campaigns in Eastern Europe to help discourage the use of illegal and gray market products. "Corel is pleased to join the BSA's considerable efforts to stop software piracy," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. "Corel is committed to fostering public education and awareness of the detrimental effect piracy has on industry and consumers alike." Software theft has a significant economic impact on the world economy. Worldwide, the software piracy rate is 40 percent, costing the industry US $11.4 billion in 1997 alone. Piracy remains the biggest threat to the continued health and vitality of the industry. BSA members support aggressive anti-piracy and enforcement campaigns undertaken in more than 65 countries. 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(TM) 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 value, compatibility, choice 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. The Business Software Alliance Since 1988, the Business Software Alliance has represented the world's leading software developers before governments and with consumers in the international marketplace. BSA educates computer users on software copyright, advocates public policy that fosters innovation, expands trade opportunities and fights software piracy. BSA worldwide members include Adobe, Autodesk, Bentley Systems, Lotus Development, Microsoft, Network Associates, Novell, Symantec and Visio Corporation. Additional members of BSA's Policy Council include Apple Computer, Compaq, 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) , Intel, Intuit and Sybase. For more information about the Business Software Alliance, please call 1-888-NO-PIRACY, or visit BSA's websites at http://www.bsa.org and http://www.nopiracy.com. Corel, WordPerfect, CorelDRAW 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. UNIX is a registered trademark of The Open Group. All other product and company names are trademarks or registered trademarks of their respective companies. |
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