Corel Corporation and Micrografx, Inc. Announce Joint Settlement of Lawsuit.OTTAWA--(BUSINESS WIRE)--Dec. 2, 1998-- COREL(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.) Corel Corporation, an internationally recognized developer of award-winning graphics and business productivity applications and Micrografx, Inc., a global leader in enterprise graphics software, today announced a joint settlement to a lawsuit filed in January 1998 by Micrografx against Corel. The settlement has no material impact on either company. The suit, filed in the United States District Court for the Northern District of Texas The United States District Court for the Northern District of Texas (N.D. Tex.) is a United States district court. Its first judge, Andrew Phelps McCormick, was appointed to the court on April 10, 1879. The court convenes in Dallas, Texas. , stated that Corel had infringed Micrografx's copyright in the design of Corel's greeting card software. In April, 1998, the District Court denied Micrografx's request for preliminary injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. against Corel, a decision which was on appeal at the time the settlement was reached. Micrografx has since signed agreements with The Learning Company, transferring distribution and other rights of the product line in question. Corel has no plans to change the content of any affected product. Both Micrografx and Corel are pleased to have resolved the disputes without additional litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The parties did not disclose the terms of the settlement. 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(R) 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. Micrografx, Inc. Micrografx (NASDAQ: MGXI) is recognized as a global graphics software leader, focused on graphics-oriented enterprise software; specifically in three categories: corporate graphics, process management and network design. Award-winning software is available in as many as 10 languages, serving a worldwide audience. Organizations around the globe have standardized their operations on EnterpriseCharter(TM), Micrografx FlowCharter(R), Micrografx Graphics Suite A suite of Windows graphics applications from Micrografx that included the Designer drawing program, Picture Publisher image editor, FlowCharter diagramming tool and Simply 3D 3D modeling and animation program. In 2001, Micrografx was acquired by Corel. See Corel DESIGNER. (R), ISOCharter(TM), NetworkCharter(TM), Simply 3D(R), Optima(R), Webtricity(TM), Micrografx Designer(R) and Picture Publisher(R). Celebrating its 16th anniversary, Micrografx has its U.S. headquarters in Richardson, Texas, several U.S. development offices, seven international subsidiaries, and four international representative agent offices. For more information about Micrografx's powerful and intelligent graphics software, contact 800-733-3729 or visit www.micrografx.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 products and company names are trademarks of their respective companies. |
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