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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
OMB APPROVAL
(Amendment No. 2 )* OMB Number: 3235-0145
Expires: October 31, 1994
Corel Corporation Estimated average burden
(Name of Issuer) hours per response 14.90
Common Stock, no par value
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(Title of Class of Securities)
218680-10-9
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(CUSIP Number)
Eric Smith
Corel Corporation, 1600 Carling Avenue, Ottawa, Canada K1Z 8R7
(613) 728-0826
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
August 1, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13-d-1(b)(3) or (4), check the following
box. ___
Check the following box if a fee is being paid with the statement ___. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
of 1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
CUSIP No. 218680-10-9 Page 2 of 4 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0393339 Novell, Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___
(b) ___
3 SEC USE ONLY
4 SOURCE OF FUNDS* OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) ___
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OR 7 SOLE VOTING POWER 8,360,000
SHARES
BENEFICIALLY 8 SHARED VOTING POWER -0-
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 8,360,000
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER -0-
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 8,360,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ___
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.90%
14 TYPE OF REPORTING PERSON* CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(2 of 4)
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INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Item 1. Security and Issuer.
This Schedule 13D relates to Common Stock, without par value, of Corel
Corporation, a Canadian corporation ("Corel"). The principal executive
offices of Corel are located at 1600 Carling Avenue, Ottawa, Canada K1Z 8R7,
telephone (613) 728-0826.
Item 2. Identity and Background.
This Schedule 13D is filed by Novell, Inc., a Delaware corporation, whose
corporate address is 122 East 1700 South, Provo, Utah 84606. Novell is the
leading netware software provider worldwide.
Item 3. Source and Amount of Funds or Other Consideration.
Novell, Inc. acquired 9,950,000 shares of the Common Stock, without par value
per share (the Shares ) of Corel in exchange for certain assets associated
with a line of software products known as WordPerfect and related products.
Item 4. Purpose of Transaction.
Novell acquired the Shares in connection with its sale (the Sale) to Corel of
a line of software products known as WordPerfect and related products. As a
part of the Agreement, Novell is entitled to a nominee to the Board of
Directors of Corel. (With this exception, Novell has no plans or proposals
which relate to or would result in any of the items listed in Item 4.)
On July 1, 6, 7, 10, 13, 14, 15, 16, 17, 20, 23, 24, and 27, 1998, 35,000,
5,000, 30,000, 90,000, 30,000, 30,000, 80,000, 50,000, 22,000, 6,800, 75,000,
46,200, and 90,000 shares, respectively were sold. Such shares were sold at
an average price per day, per share of $2.0892, $2.03125, $2.03125,$1.8895,
$1.875, $1.875, $1.8179, $1.7708, $1.75, $1.75, $1.5, $1.5, and $1.5277,
respectively.
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Schedule 13D, Novell beneficially owns
8,360,000 shares of Corel Common Stock or approximately 14.1 percent of the
issued and outstanding shares of Corel's Common Stock.
(b) Novell has sole power to vote and dispose of 8,360,000 shares of
Corel Common Stock held of record in the corporation's name.
(c) Other than as described above in response to Item 4 hereof, there
were no Corel Common Stock transactions effected by Novell during the 60-day
period preceding the date set forth on the cover.
(3 of 4)
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(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
As noted under Item 4 above, as part of the Agreement, Novell is entitled to a
nominee to the Board of Directors of Corel. Currently Novell has declined
this entitlement and does not have a representative on the Board of Directors.
Item 7. Material to Be Filed as Exhibits.
None
Signature
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After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.
Date: August 1, 1998
/S/ Betty DePaola
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Novell, Inc.
Betty DePaola, Assistant Corporate Secretary
(4 of 4)
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