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UNITED STATES 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): June 15, 2000
COREL CORPORATION (Exact name of registrant as specified in its charter)
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1600 Carling Avenue
Ottawa, Ontario, Canada KIZ 8R7
(Address of principal executive offices including zip code)
(613) 728-8200
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5.
On June 15, 2000, the corporation announced that it expects results for its second quarter ended May 31, 2000 to be lower than expected at the time at which the Company announced its first quarter results. At that time the company stated that it expected results for its second and third fiscal quarter to mirror results for its first quarter (operating loss of $18.7 million on revenues of $44.1 million).
For the second quarter, the company expects to report revenues in the range of $37 to $38 million. Furthermore, the company anticipates its net operating loss to be in the range of $23 to $24 million, before taxes, or $0.35 to $0.36 per share. This compares to revenues of $70.5 million and a net profit of $9.2 million or $0.14 per share on a fully diluted basis in the same quarter last year. All figures are reported in US currency.
See press release attached as Exhibit 99.1
Item 7. Financial Statements, Pro Forma Information and Exhibits
EXHIBITS.
(c) Exhibits
99.1 Press Release issued by Corel Corporation on June 15, 2000.
SIGNATURES
Pursuant to the requirement of the Security Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: June 21, 2000
| COREL CORPORATION |
| (Registrant) |
| By: | /s/ John Blaine |
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| John Blaine | |
| Vice-President, Finance and Controller | |
| (Principal Accounting Officer) |
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