Editing WordPerfect (section)

===Corel buys WordPerfect from Novell===
Novell stated in November 1995 that it was putting its personal productivity product line up for sale.<ref name="AR_1995">{{cite book |title = 1995 Annual Report |publisher = Novell, Inc. |location = Orem, Utah |date = 1995 |pages = 6, 22, back cover }}</ref>  In January 1996 it announced that the sale of these products, primarily WordPerfect and Quattro Pro, would be made to [[Corel]] for $186 million, a large loss from what it had originally paid to acquire WordPerfect.<ref name="WaPo_WordPerfect_1996">{{cite news |url = https://www.washingtonpost.com/archive/business/1996/02/01/novell-sells-wordperfect-division/6bc86c5a-5b95-41cc-bde3-cff5cebed1fd/ |title = Novell Sells WordPerfect |first = Elizabeth |last = Corcoran |newspaper = The Washington Post |date = February 1, 1996 }}</ref>  Novell did hold onto a few pieces that it had acquired from WordPerfect, most importantly the [[GroupWise]] collaboration product.<ref name="WaPo_WordPerfect_1996"/><ref name="BW_Knell_1996">{{cite news |url = https://www.bloomberg.com/news/articles/1996-03-24/microsoft-may-sound-the-death-knell-for-novell |title = Microsoft May Sound 'The Death Knell For Novell' |last = Cortese |first = Amy |magazine = Business Week |date = March 25, 1996 }}</ref> 

The sale to Corel, which was headquartered in [[Ottawa, Ontario]], was completed in March 1996.<ref name="AR_1996">{{cite book |title = 1996 Annual Report |publisher = Novell, Inc. |location = Orem, Utah |date = 1996 |pages = 15, 18 }}</ref> The head of Corel, [[Michael Cowpland]], initially expressed optimism that Corel WordPerfect could compete effectively against Microsoft Word among business users, somewhat akin to a [[Cola wars|Coke versus Pepsi battle]].<ref name="DN_Orem_1998"/> The optimism was wrong; many new computers came loaded with Word along with Windows.<ref name=financialpost>{{cite news |url = http://business.financialpost.com/2013/11/08/blackberry-ltd-isnt-the-first-canadian-tech-company-to-go-from-rockstar-to-near-ruin/?__lsa=2ab0-85d5 |title = BlackBerry Ltd isn't the first Canadian tech company to go from rockstar to (near) ruin |date = November 8, 2013 |newspaper = Financial Post }}</ref> Corel lost over $230 million for 1997.<ref name="DN_Orem_1998"/>  

In 1998, the WordPerfect development offices in Orem were closed, affecting over 500 employees.<ref name="DN_Orem_1998"/> The software engineering for WordPerfect became centred in Corel's home city of Ottawa.<ref name="DN_Orem_1998">{{cite news |url = https://www.deseret.com/1998/6/25/19387830/corel-closing-orem-offices |title = Corel closing Orem offices |first = Dennis |last = Romboy |newspaper = Deseret News |date = June 25, 1998 }}</ref>