Corel Increases Focus on Digital Media Market



    Company Consolidates Digital Media Operations in Greater China and
Silicon Valley to Facilitate Product Integration, Accelerate Speed to Market
and Further Improve Operational Efficiency

    OTTAWA, November 28 /CNW/ - Corel Corporation (NASDAQ:  CREL) (TSX:CRE), a
leading developer of graphics, productivity and digital media software, today
announced that it is increasing its focus on the Digital Media market by
concentrating its Digital Media operations in Greater China and Silicon
Valley. These actions will enable the Company to fully maximize its broad
portfolio of digital media software and technology assets in order to deliver
an enhanced user experience to consumers worldwide. Centralizing Corel's
Digital Media operations will also enable the Company to further accelerate
the development process and increase speed-to-market for new and upgraded
products.

    "Corel's Digital Media portfolio is the broadest in the industry,
covering all of the major digital media segments including imaging, video
editing, and DVD authoring," said Jeff Hastings, President and General Manager
of Corel Digital Media. "By concentrating our Digital Media operations in
Greater China and Silicon Valley, we will be able to better leverage our
global resources and talent while further improving the operational efficiency
between our software development, product management, and marketing teams. We
believe these actions will ultimately result in an even more exciting product
range and a richer user experience for our customers."

    As a result of these changes, Corel will be closing its existing Digital
Imaging facility in Minneapolis. In addition, the Company will incur a
one-time restructuring charge of approximately $2.2 million in the fourth
quarter. The Company further expects that the full benefits of this
restructuring will be realized beginning in the second half of 2008.

    Forward-Looking Statements:

    This news release includes forward-looking statements that are based on
certain assumptions and reflect our current expectations. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors that could cause the actual results, performance or achievements to
differ materially from any future results, performance, or achievements
discussed or implied by such forward-looking statements.

    These risks, uncertainties and other important factors are described in
Corel's Annual Report dated February 23, 2007, filed with the Securities and
Exchange Commission (SEC) and the Canadian Securities Administrators (CSA) and
Corel's other filings including Corel's form 10-Q for the quarter ended August
31, 2007 under the caption "Risk Factors" and elsewhere. A copy of the Corel
Annual Report and such other filings can be obtained on Corel's website, on
the SEC's website at http://www.sec.gov or on the CSA's website at
http://www.sedar.com. In addition, these and other risks can be found in
InterVideo's previous reports filed with the SEC under the caption "Risk
Factors" and elsewhere, including InterVideo's 10-Q for the quarter ended
September 30, 2006, which can be found on the SEC's website at
http://www.sec.gov. Forward-looking statements speak only as of the date of
the document in which they are made. We disclaim any obligation or undertaking
to provide any updates or revisions to any forward-looking statement to
reflect any change in our expectations or any change in events, conditions or
circumstances on which the forward-looking statement is based.

    About Corel

    Corel is a leading developer of graphics, productivity and digital media
software with more than 100 million users worldwide. The Company's product
portfolio includes some of the world's most popular and widely recognized
software brands including CorelDRAW(R) Graphics Suite, Corel(R) Paint Shop
Pro(R) Photo, Corel(R) Painter(TM), Corel DESIGNER(R), Corel(R) WordPerfect(R)
Office, WinZip(R) and iGrafx(R). In 2006, Corel acquired InterVideo, makers of
WinDVD(R), and Ulead, a leading developer of video, imaging and DVD authoring
software. Designed to help people become more productive and express their
creative potential, Corel's software strives to set a higher standard for
value with full-featured products that are easier to learn and use. The
industry has responded with hundreds of awards recognizing Corel's leadership
in software innovation, design and value.

    Corel's products are sold in more than 75 countries through a
well-established network of international resellers, retailers, original
equipment manufacturers, online providers and Corel's global websites. The
Company's headquarters are located in Ottawa, Canada with major offices in the
United States, United Kingdom, Germany, China, Taiwan, and Japan. Corel's
stock is traded on the NASDAQ under the symbol CREL and on the TSX under the
symbol CRE. www.corel.com.

    (C) 2007 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint
Shop Pro, Corel Painter, Corel DESIGNER, WordPerfect, WinZip, iGrafx,
InterVideo, WinDVD, Ulead, and the Corel logo are trademarks or registered
trademarks of Corel Corporation and/or its subsidiaries. All other product
names and any registered or unregistered trademarks mentioned are used for
identification purposes only and remain the exclusive property of their
respective owners.

    CRELF




For further information:

For further information: Corel Corporation Catherine Hughes,
613-728-0826 ext. 1659 (Media) catherine.hughes@corel.com or The Blueshirt
Group Todd Friedman, 415-217-7722 (Investor Relations) todd@blueshirtgroup.com
Stacie Bosinoff, 415-217-7722 (Investor Relations) stacie@blueshirtgroup.com

Organization Profile

COREL CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890