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Corel Corporation Responds Linux Rumors

Tuesday, January 02, 2001

Press release from the issuing company

Corel Corporation (NASDAQ: CORL, TSE: COR) wishes to respond to recent media reports speculating on the future of its Linux® operations. The company has publicly stated that it is in the process of conducting a comprehensive corporate review. As part of this process, the executive management team, under the leadership of president & CEO Derek J. Burney, is reviewing all areas of the company’s operations with the aim of ensuring that all aspects of the business are aligned to deliver long-term profitability and growth. On an ongoing basis and as part of the normal course of business, Corel has discussions with a number of companies on a variety of issues. It is a matter of company policy that Corel does not comment on these discussions or any other internal matters. When there is something of substance to report to its shareholders, the company will do so through the appropriate channels and in accordance with fair disclosure guidelines as outlined by the Securities and Exchange Commission. The company will provide further details on its plans for the future when it rolls out its corporate strategy early in the new year.




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