SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 20, 1998
COREL CORPORATION
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(Exact name of Registrant as specified in its charter)
Canada
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(State or other jurisdiction of incorporation)
0-20562 Not Applicable
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(Commission (IRS Employer
File Number) Identification No.)
1600 Carling Avenue, Ottawa, Ontario, Canada K1Z8R7
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(Address of principal executive offices) (Zip code)
(613) 728-8200
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On January 20, 1998, Corel Corporation (the "Company") issued a press
release concerning (i) results for its fourth fiscal quarter ended November
30, 1997, and (ii) the restatement of certain financial information that was
included in the Company's previously reported quarterly results for the first
three fiscal quarters, to reflect certain adjustments to revenue and costs of
sales relating to certain technology exchange transactions entered into by the
Company in the first three quarters of fiscal 1997. The adjustments will
decrease revenues for those quarters from previously reported amounts. A copy
of the press release is attached hereto as Exhibit 99.01 and is incorporated
herein.
The Company expects to file amended Quarterly Reports on Form 10-Q to
reflect the restatement of these items.
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
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The following exhibits are filed herewith:
99.01 Press release dated January 20, 1998
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: January 20, 1998
Corel Corporation
By: /s/ Michael P. O'Reilly
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Michael P. O'Reilly, Vice President
and Chief Financial Officer
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