Corel Corporation 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
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
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