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  September 5, 2001
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Home > Company Index > Computer Software & Services > Multimedia Production, Graphics & Publishing Software > Corel Corporation

Corel Corporation
Nasdaq: CORL
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 NEWS FROM THE WIRES
Corel to get Micrografx for $32 million in stock
Jul 16 2001 07:16 AM PDT

Corel to get Micrografx for $32 million in stock
Jul 16 2001 07:16 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Corel Buys XML Developer SoftQuad
Aug 07 2001 03:53 PM PDT

Up With Productivity
Aug 07 2001 09:28 AM PDT

Midday Market Movers: Fed, Microsoft Are Shots in the Arm
Jun 28 2001 09:51 AM PDT

Palm's Up
Jun 27 2001 09:48 AM PDT

After the Bell: Signs of Life
Mar 29 2001 04:33 PM PST

 PROFILE
Corel's fling with Linux may be fleeting indeed. Faced with declining sales of its flagship WordPerfect office productivity software at the hands of Microsoft's Office, the company repackaged its corporate identity around being the premier software vendor for the Linux operating system, offering Linux OS, WordPerfect for Linux, and a stable of development tools. Corel has since announced plans to sell its Linux operations, focusing instead on its core WordPerfect and CorelDRAW products. In the wake of a failed merger with Inprise (now Borland), Corel was rescued with a cash infusion from archrival Microsoft, which owns a 25% non-voting stake. Founder and former CEO Michael Cowpland also owns a stake in Corel.

 COMPETITION
Adobe Systems Incorporated (ADBE)
Microsoft Corporation (MSFT)
Quark, Inc. (dossier)

 DEALS
Deal: Corel Snaps Up Micrografx
Date Announced: 07.16.01
Value of transaction (US $Mil): Not Disclosed
Description: Graphics and illustration product provider acquires process and graphics software company in an all-stock transaction.

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 TRACKERS
Sep. 06, 2000 - LAYOFF TRACKER
139 laid off
Description: Consolidating engineering teams.

Jun. 08, 2000 - LAYOFF TRACKER
320 laid off
Description: Part of $40 million cost-saving plan.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: November
2001 Sales (mil.): 32.50
1-Yr. Sales Growth: (79.4)%
Employees: 800
Revenue per employee: $40,625.00

 KEY PEOPLE
• Derek J. Burney
    CEO
• John Blaine
    CFO

 CONTACT INFO
1600 Carling Ave.
Ottawa Ontario K1Z 8R7, Canada
Phone: 1-613-728-8200
Fax: 1-613-761-9176
Online: Web Site

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