Exhibit 99.1

Not for Immediate Release

Corel Corporation Reports
Fourth Quarter and Fiscal 2007 Financial Results

• 2007 fourth quarter revenue increases 53% over 2006;
Organic revenue increases 8% year over year

• 2007 fourth quarter GAAP net income = $3.3 million or $0.13 per share;
Non-GAAP adjusted net income = $13.4 million or $0.51 per share

• 2007 revenue increases 41% over 2006;
GAAP net loss = $13.1 million or $(0.52) per share;
Non-GAAP adjusted net income= $34.0 million or $1.32 per share

OTTAWA, Canada – February 6, 2008 – Corel Corporation (NASDAQ:CREL; TSX:CRE) today reported financial results for its fourth quarter and year ended November 30, 2007. Revenues in the fourth quarter of fiscal 2007 were $72.4 million, an increase of 53 percent over revenues of $47.4 million in the fourth quarter fiscal 2006. Fourth quarter 2007 revenue includes organic revenue growth of 8 percent, which excludes revenue from products acquired from InterVideo and Ulead. GAAP net income in the fourth quarter of fiscal 2007 was $3.3 million, or $0.13 per diluted share, compared to GAAP net income of $9.4 million, or $0.37 per diluted share, in the fourth quarter of fiscal 2006.

Non-GAAP adjusted net income for the fourth quarter fiscal 2007 was $13.4 million, or $0.51 per diluted share, compared to non-GAAP adjusted net income for the fourth quarter of fiscal 2006 of $13.1 million, or $0.52 per diluted share. Non-GAAP adjusted EBITDA in the fourth quarter of 2007 was $19.9 million, an increase of 35 percent over $14.7 million in the fourth quarter of 2006.

“Corel closed 2007 with a very strong fourth quarter driven by solid execution across our diverse mix of products, channels and geographies,” said David Dobson, Chief Executive Officer, Corel Corporation. “We continued to execute well on our key strategies in 2007 by delivering strong organic growth while successfully completing the integration of InterVideo and Ulead. The fundamental strength of the Corel business model is the ability to successfully integrate new products and teams while maintaining a sharp focus on profitably growing existing businesses.”

“Looking at the business over the past three years, I am very pleased with how we have re-positioned Corel into product and market segments that have better revenue growth and profit potential. As we enter 2008, we stand well-positioned to continue building on the foundation of our Graphics and Productivity products while leveraging our extensive Digital Media portfolio to pursue new growth opportunities.”

Revenues for the year ended November 30, 2007 were $250.5 million, an increase of 41 percent over revenues of $177.2 million for the year ended November 30, 2006. GAAP net loss for the year ended November 30, 2007 was $13.1 million, or $(0.52) per basic and diluted share, compared to a GAAP net income of $9.3 million, or $0.40 per diluted share, for the year ended November 30, 2006.

Non-GAAP adjusted net income for the year ended November 30, 2007 was $34.0 million, or $1.32 per diluted share, compared to non-GAAP adjusted net income for the year ended November 30, 2006 of $37.6 million, or $1.62 per diluted share. Non-GAAP adjusted EBITDA for the year ended November 30, 2007 was $57.3 million, compared to $55.2 million for the year ended November 30, 2006.

A reconciliation of GAAP net income to non- GAAP adjusted net income and non-GAAP adjusted EBITDA is provided in the notes to the financial information included in this press release.

Financial Guidance

First Quarter Fiscal 2008 Guidance

Corel provided guidance for the first quarter ending February 29, 2008. The Company currently expects:

• Revenue in the range of $61 million to $63 million.

• GAAP net loss in the range of $(1.5) million to $0.0 million and non-GAAP adjusted net income in the range of $6.5 million to $8.0 million.

• GAAP earnings per share in the range of $(0.06) to $0.00 and non-GAAP earnings per share in the range of $0.24 to $0.30.

Fiscal 2008 Guidance

Resulting guidance for the year ending November 30, 2008 is as follows:

• Revenue in the range of $258 million to $273 million.

• GAAP net income of $9.3 million to $14.8 million and non-GAAP adjusted net income of $40.5 million to $46.0 million.

• GAAP income per share of $0.34 to $0.55 and non-GAAP earnings per share of $1.50 to $1.70.

Corel will host a conference call to discuss its financial results at 4:30 p.m. Eastern Time today. To access the conference call, please dial (877) 627-6562 or (719) 325-4921

approximately 5 minutes prior to the 4:30 p.m. ET start time. A live webcast will also be available through Corel’s Investor Relations website at http://investor.corel.com/events.cfm. Following the call, an audio replay will be available between 7:30 p.m. (ET) February 6, 2008 and midnight (ET) February 20, 2008 from Corel’s Investor Relations website or by calling (888) 203-1112 or (719) 457-0820, Passcode: 8058024.

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. Such risks include competitive threats from well-established software companies that have significantly greater market share and resources than us and from online services companies that are increasingly seeking to provide software products at little or no incremental cost to their customers to expand their Internet presence and build consumer loyalty. We rely on a small number of key strategic relationships for a significant percentage of our revenue and these relationships can be modified or terminated at any time. In addition, our core products have been marketed for many years and the packaged software market in North America and Europe is relatively mature and characterized by modest growth. Accordingly, we must successfully complete acquisitions, penetrate new markets or increase penetration of our installed base to achieve revenue growth. In addition, we face potential claims from third parties who may hold patent and other intellectual property rights which purport to cover various aspects of our products and from certain of our customers who may be entitled to indemnification from us in respect of potential claims they may receive from third parties related to their use or distribution of our products.

These and other 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 InterVideo’s website or 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.

Financial Presentation and Use of Non-GAAP Measures:

Our financial statements have been prepared in accordance with U.S. generally accepted

accounting principles, or GAAP, which differ in certain material respects from Canadian generally accepted accounting principles. In addition, our financial statements and information in this release are presented in U.S. Dollars, unless otherwise indicated. This news release includes certain non-GAAP financial measures, such as adjusted net income and adjusted EBITDA. We use these non-GAAP financial measures to confirm our compliance with covenants contained in our debt facilities, as supplemental indicators of our operating performance and to assist in evaluation of our liquidity. These measures do not have any standardized meanings prescribed by GAAP and therefore are not comparable to the calculation of similar measures used by other companies, and should not be viewed as alternatives to measures of financial performance or changes in cash flows calculated in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the closest GAAP measures are set out in the notes to the financial statements attached to this news release.

About CorelCorel 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® Graphics Suite, Corel® Paint Shop Pro® Photo, Corel® PainterÔ, Corel DESIGNER®, Corel® WordPerfect® Office, WinZip®, WinDVD® and iGrafx®. 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

###

© 2008 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop Pro, Painter, Corel DESIGNER, WordPerfect, WinZip, iGrafx, WinDVD, InterVideo, Ulead and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product names and any registered and unregistered mentioned are used for identification purposes only and remain the exclusive property of their respective owners.

CRELF

Press Contact:

Catherine Hughes

613-728-0826 x1659
catherine.hughes@corel.com

Investor Relations Contact:
The Blueshirt Group
415-217-7722
Todd Friedman
todd@blueshirtgroup.com
Stacie Bosinoff
stacie@blueshirtgroup.com

Corel Corporation
Quarterly Financial results
For the quarter ended Nov 30, 2007
(in thousands, except per share data; unaudited)



Consolidated Condensed Statement of Operations

	Three Months ended November 30,						Year ended November 30,
	2007			2006			2007			2006
Revenues — Product	$	66,399		$	42,308		$	228,274		$	157,319
Revenues — Maintenance and services		6,045			5,132			22,206			19,872
Total revenues		72,444			47,440			250,480			177,191
Cost of revenues — Product		15,135			5,947			49,775			21,339
Cost of revenues — Maintenance and services		133			265			796			1,142
Amortization of intangible assets		7,064			2,379			26,119			14,366
Total cost of revenues		22,332			8,591			76,690			36,847
Gross margin		50,112			38,849			173,790			140,344
Operating expenses
Sales and marketing		18,760			14,514			70,587			54,851
Research and development		11,389			6,683			44,712			25,883
General and administration		9,998			6,864			37,083			24,285
Acquired in-process research and development		—			—			7,831			—
InterVideo integration expense		1,355			358			5,220			358
Restructuring		1,447			(1	)		1,447			810
Total operating expenses		42,949			28,418			166,880			106,187
Income from operations		7,163			10,431			6,910			34,157
Other expenses (income)
Loss on debt retirement		—			—			—			8,292
Interest expense, net		4,420			1,927			16,254			11,331
Amortization of deferred financing fees		270			191			1,074			1,180
Other non-operating income		(149	)		(294	)		(799	)		(565	)
Income (loss) before income taxes		2,622			8,607			(9,619	)		13,919
Income tax expense (recovery)		(639	)		(760	)		3,443			4,668
Net income (loss)	$	3,261		$	9,367		$	(13,062	)	$	9,251
Net income (loss) per share:
Basic	$	0.13		$	0.38		$	(0.52	)	$	0.41
Fully diluted	$	0.13		$	0.37		$	(0.52	)	$	0.40
Weighted average number of shares:
Basic		25,319			24,510			24,951			22,410
Fully diluted		26,055			25,171			24,951			23,156

Consolidated Condensed Balance Sheet

	As of November 30,
	2007			2006
Assets
Current assets:
Cash and cash equivalents	$	24,615		$	51,030
Restricted cash		217			717
Accounts receivable
Trade, net		41,092			18,150
Other		118			808
Inventory		729			914
Income taxes recoverable		1,470			—
Prepaids and other current assets		3,276			2,300
Total current assets		71,517			73,919
Capital assets		8,971			3,651
Intangible assets		92,010			37,831
Goodwill		88,643			9,850
Deferred financing and other long-term assets		5,696			5,435
Total assets	$	266,837		$	130,686
Liabilities and shareholders’ deficit
Current liabilities:
Accounts payable and accrued liabilities	$	67,290		$	28,220
Due to related parties		—			167
Income taxes payable		723			235
Deferred revenue		15,707			12,719
Current portion of long-term debt		2,249			1,426
Current portion of obligation under capital leases		767			—
Total current liabilities		86,736			42,767
Deferred revenue		2,365			2,015
Income taxes payable		11,693			8,488
Deferred income tax liabilities		20,754			—
Accrued pension benefit obligation		1,116			—
Obligation under capital leases		2,114			—
Long-tem debt		156,359			89,223
Total liabilities		281,137			142,493
Shareholders’ deficit
Share capital		40,652			30,722
Additional paid-in capital		5,926			4,612
Accumulated other comprehensive loss		(721	)		(46	)
Deficit		(60,157	)		(47,095	)
Total shareholders’ deficit		(14,300	)		(11,807	)
Total liabilities and shareholders’ deficit	$	266,837		$	130,686

Consolidated Condensed Statement of Cash Flows

	Three Months ended November 30,						Year ended November 30,
	2007			2006			2007			2006
Cash flow from operating activities
Net income (loss)	$	3,261		$	9,367		$	(13,062	)	$	9,251
Depreciation and amortization		1,262			497			3,477			1,609
Amortization of deferred financing fees		270			191			1,074			1,180
Amortization of intangible assets		7,064			2,379			26,119			14,366
Stock-based compensation		1,420			781			5,488			3,232
Provision for bad debts		72			45			252			195
Deferred income taxes		(1,435	)		240			(83	)		876
Unrealized loss (gain) on forward exchange contracts		138			(28	)		147			150
Acquired in-process research and development		—			—			7,831			—
Loss on disposal of fixed assets		—			—			102			—
Loss on early retirement of debt		—			—			—			8,292
Loss on interest rate swap recorded at fair value		637			810			392			810
Change in operating assets and liabilities		(1,917	)		245			(5,238	)		(3,736	)
Cash flow provided by operating activities		10,772			14,527			26,499			36,225
Cash flow from financing activities
Restricted cash		—			250			500			249
Proceeds from operating line of credit		—			—			48,000			—
Repayments on operating line of credit		(7,000	)		—			(48,000	)		—
Proceeds from long-term debt		—			—			70,000			90,000
Repayments of long-term debt		(398	)		(1,369	)		(2,149	)		(150,323	)
Repayments of capital lease obligations		(187	)		—			(315	)		—
Financing fees incurred		(4	)		2,449			(1,685	)		(5,259	)
Net proceeds from public offering		—			(185	)		—			69,132
Proceeds from exercise of stock options		1,419			(4	)		5,406			—
Dividends		—			—			—			(7,500	)
Other financing activities		—			1,254			51			(184	)
Cash flow provided by (used in) financing activities		(6,170	)		2,395			71,808			(3,885	)
Cash flow from investing activities
Purchase of InterVideo Inc, net of cash acquired		445			—			(120,912	)		—
Purchase of long lived assets		(1,689	)		(435	)		(3,848	)		(1,906	)
Cash flow used in investing activities		(1,244	)		(435	)		(124,760	)		(1,906	)
Effect of exchange rate changes on cash and cash equivalents		—			(11	)		38			(150	)
Increase (decrease) in cash and cash equivalents		3,358			16,476			(26,415	)		30,284
Cash and cash equivalents, beginning of period		21,257			34,554			51,030			20,746
Cash and cash equivalents, end of period	$	24,615		$	51,030		$	24,615		$	51,030

Non-GAAP Results
(In thousands, except per share data)

	Three Months ended November 30,						Year ended November 30,
	2007			2006			2007			2006
Non-GAAP Adjusted Net Income Calculation:
Net income (loss)	$	3,261		$	9,367		$	(13,062	)	$	9,251
Amortization of intangible assets		7,064			2,379			26,119			14,366
Tax benefit on amortization of intangible assets		(1,435	)		—			(5,090	)		—
Tax expense on write-off of deferred tax asset		—			—			5,007			—
Stock-based compensation		1,420			781			5,488			3,232
Restructuring		1,447			(1	)		1,447			927
InterVideo integration expense		1,355			358			5,220			358
Acquired in-process research and development		—			—			7,831			—
Loss on debt retirement		—			—			—			8,292
Amortization of deferred financing fees		270			191			1,074			1,180
Non-GAAP Adjusted Net Income	$	13,382		$	13,075		$	34,034		$	37,606
Percentage of revenue		18.5	%		27.6	%		13.6	%		21.2	%
Pro-forma diluted non-GAAP adjusted net income per share	$	0.51		$	0.52		$	1.32		$	1.62
Shares used in computing proforma diluted non-GAAP adjusted net income per share		26,055			25,171			25,793			23,156
Non-GAAP Adjusted EBITDA Calculation:
Cash flow provided by operating activities	$	10,772		$	14,527		$	26,499		$	36,225
Change in operating assets and liabilities		1,917			(245	)		5,238			3,736
Interest expense, net		4,420			1,927			16,254			11,331
Income tax expense (recovery)		(639	)		(760	)		3,443			4,668
Provision for bad debts		(72	)		(45	)		(252	)		(195	)
Unrealized gain (loss) on forward exchange contracts		(138	)		28			(147	)		(150	)
Deferred income taxes		1,435			(240	)		83			(876	)
Loss on interest rate swap recorded at fair value		(637	)		(810	)		(392	)		(810	)
Loss on disposal of fixed assets		—			—			(102	)		—
InterVideo integration expense		1,355			358			5,220			358
Restructuring		1,447			(1	)		1,447			927
Non-GAAP Adjusted EBITDA	$	19,860		$	14,739		$	57,291		$	55,214
Percentage of revenue		27.4	%		31.1	%		22.9	%		31.2	%

Other Supplemental Information
(In thousands)

	Three Months ended November 30,						Year ended November 30,
	2007			2006			2007			2006
Revenue by Product Segment
Graphics and Productivity	$	39,427		$	34,411		$	141,692		$	137,741
Digital Media		33,017			13,029			108,788			39,450
Total	$	72,444		$	47,440		$	250,480		$	177,191
As percentage of revenues
Graphics and Productivity		54.4	%		72.5	%		56.6	%		77.7	%
Digital Media		45.6	%		27.5	%		43.4	%		22.3	%
Total		100.0	%		100.0	%		100.0	%		100.0	%
Revenue by Geography
Americas	$	34,345		$	25,306		$	125,979		$	104,447
Europe, Middle East, Africa		23,600			17,917			72,932			58,253
Asia-Pacific		14,499			4,217			51,569			14,491
Total	$	72,444		$	47,440		$	250,480		$	177,191
As percentage of revenues
Americas		47.4	%		53.3	%		50.3	%		58.9	%
Europe, Middle East, Africa		32.6	%		37.8	%		29.1	%		32.9	%
Asia-Pacific		20.0	%		8.9	%		20.6	%		8.2	%
Total		100.0	%		100.0	%		100.0	%		100.0	%
Allocation of Stock-Based Compensation Expense
Cost of revenues — Product	$	14		$	7		$	47		$	26
Cost of revenues — Maintenance and service		2			2			9			8
Sales and marketing		416			227			1,465			770
Research and development		312			89			1,169			306
General and administration		676			456			2,798			2,122
Total	$	1,420		$	781		$	5,488		$	3,232