Corel is Delivering on its Promises.Business Editors OTTAWA--(BUSINESS WIRE)--March 8, 2000 Corel Corporation's (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.) Annual and Special Meeting of Shareholders, to be held today, will give company officials and shareholders a chance to celebrate its accomplishments over the past year and look forward to another exciting year for the company. Corel is delivering on the promises it made to shareholders at last year's meeting, including bringing Linux(r) to the desktop by launching its much-anticipated Corel(r) LINUX(r) OS. It also simultaneously released new versions of its flagship software applications, WordPerfect(r) and CorelDRAW(r). "We've had an exciting year at Corel! The successful releases of our flagship brands - WordPerfect Office A suite of office applications for Windows from Corel that includes WordPerfect, Quattro Pro, Corel Presentations, Paradox and CorelCENTRAL (PIM, scheduling, etc.). It is the successor to Corel WordPerfect Suite, which was the successor to Corel Office. 2000 and CorelDRAW - combined with our groundbreaking work on Linux has earned us a leadership position in the industry," 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 Corp. "We've earned our leadership position by delivering exciting new technology to the market. Through our strategic partnerships and ongoing commitment to compatible, cross-platform solutions, we will provide our customers with the bridge that links them to the Web and the next generation of computing." Here are just some of Corel's accomplishments over the past year: Award Winning on Windows(r) Platform - Historic launch of Corel LINUX OS at Fall Comdex in Las Vegas - November 15, 1999. Corel delivers the power of Linux to the desktop! - Winning industry praise: named CNET's Editor's Choice (December 1999) and rated best of seven major Linux distributions with the highest score of nine out of 10; wins five-star review from PC Magazine (March 2000); crowned Show Favorite - Development Tools at LinuxWorld Expo (February 2000). - Popular support: Corel(r) WordPerfect(r) 8 for Linux(r) and Corel LINUX OS are currently rated No. 1 and No. 2 for Linux downloads, respectively, on cnet.com's download site; Corel LINUX OS was recently rated as one of 10 "Must Have" downloads off CNET's site. On this site alone, Corel LINUX OS had nearly 200,000 download attempts, while Corel WordPerfect 8 for Linux had nearly one million download attempts. - IDC ranks Corel as a key Linux vendor along with Red Hat(tm), Caldera(r), Turbo Linux(r) and SuSE. - $3.2 million US in sales for Corel LINUX OS in Q4 1999, the first quarter of its shipping. - Coming Soon: WordPerfect Office 2000 for Linux is scheduled to be available in Spring 2000 (the beta version won Byte.com's Best of Show for office suites at Fall Comdex in November 1999); CorelDRAW for Linux is scheduled to be available in late summer of 2000. Partnerships for Growth - Corel enters agreements with various OEM partners, including one with PC Chips to bundle Corel LINUX OS with every computer motherboard package shipped worldwide. - Strategic investments: Corel creates Linux affiliates by purchasing a stake in Newlix Corporation, OE/ONE.com and LinuxForce Inc.; Corel acquires GraphicCorp., a leading supplier of clipart, photographs and Web images to software publishers and hardware manufacturers. Corel(r) & Linux(r): Breaking New Ground - Historic launch of Corel LINUX OS at Fall Comdex in Las Vegas - November 15, 1999. Corel delivers the power of Linux to the desktop! - Winning industry praise: named CNET's Editor's Choice (December 1999) and rated best of seven major Linux distributions with the highest score of nine out of 10; wins five-star review from PC Magazine (March 2000); crowned Show Favorite - Development Tools at LinuxWorld Expo (February 2000). - Popular support: Corel(r) WordPerfect(r) 8 for Linux(r) and Corel LINUX OS are currently rated No. 1 and No. 2 for Linux downloads, respectively, on cnet.com's download site; Corel LINUX OS was recently rated as one of 10 "Must Have" downloads off CNET's site. On this site alone, Corel LINUX OS had nearly 200,000 download attempts, while Corel WordPerfect 8 for Linux had nearly one million download attempts. - IDC ranks Corel as a key Linux vendor along with Red Hat(tm), Caldera(r), Turbo Linux(r) and SuSE. - $3.2 million US in sales for Corel LINUX OS in Q4 1999, the first quarter of its shipping. - Coming Soon: WordPerfect Office 2000 for Linux is scheduled to be available in Spring 2000 (the beta version won Byte.com's Best of Show for office suites at Fall Comdex in November 1999); CorelDRAW for Linux is scheduled to be available in late summer of 2000. Partnerships for Growth - Corel enters agreements with various OEM partners, including one with PC Chips to bundle Corel LINUX OS with every computer motherboard package shipped worldwide. - Strategic investments: Corel creates Linux affiliates by purchasing a stake in Newlix Corporation, OE/ONE.com and LinuxForce Inc.; Corel acquires GraphicCorp., a leading supplier of clipart, photographs and Web images to software publishers and hardware manufacturers. Bridging to the Future Corel is looking forward to the future and the next generation of thin-client Internet appliances. As the world moves to the Web, companies that develop open, compatible solutions will be well positioned to embrace the business models of the future. Using open technologies such as Linux, CORBA (Common Object Request Broker Architecture) A software-based interface from the Object Management Group (OMG) that allows software modules (objects) to communicate with each other no matter where they are located on a private network or the global and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. including WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. and SVG (Scalable Vector Graphics) A vector graphics format from the W3C for the Web that is expressed in XML. Introduced in 2001, SVG was designed to become the standard vector format just as GIFs and JPEGs have become the standard bitmaps for the Web. , Corel will bridge the gap between closed, proprietary systems and a new world where greater openness, innovation and customization will be the norm. Long a supporter of open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced and platform agnostic solutions, Corel recognizes the exciting opportunities presented by the Internet and looks forward to providing customers with the applications they need to fully embrace the power of the Web. The Annual and Special Meeting of Shareholders will be Webcast on www.corel.com/agmwebcast99/index.htm starting at 2 p.m. Additional information on Corel's successes over the past year can be found in other documents, including the 1999 annual report, posted on the site. 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. Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 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 Linus Benedict Torvalds (born December 28 1969 in Helsinki, Finland) is a Finnish software engineer best known for initiating the development of the Linux kernel. . UNIX is a registered trademark of The Open Group. All other product names are trademarks of their respective companies. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. |
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