content: <PAGE>
   
                                   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):  February 11, 1999
                                 COREL CORPORATION
              (Exact name of Registrant as specified in its Charter)
  
                          Commission File Number 0-20562
  
  
  
               CANADA                                NOT APPLICABLE
    (State or other jurisdiction of                 (I.R.S. Employer
    incorporation or organization)                  Identification No.)
  
  
  1600 CARLING AVENUE, OTTAWA, ONTARIO, CANADA           K1Z 8R7
    (Address of principal executive offices)            (Zip Code)
  
  Registrant's telephone number, including area code:  (613) 728-8200
  <PAGE>
   
  ITEM 5.        OTHER EVENTS
  
           ADOPTION OF SHAREHOLDER RIGHTS PLAN
  
  On February 11, 1999, the Board of Directors of Corel Corporation (the
  "Company") declared a distribution of one common share purchase right (a
  "Right") in respect of each common share outstanding at the Close of Business on
  February 25, 1999 (the "Record Time").  In addition, one Right shall be issued
  with each Common Share issued after the Record Time and prior to the earlier of
  the Separation Time and the Expiration Time, as such terms are defined in the
  Shareholder Rights Plan Agreement (the "Rights Agreement"). Capitalized terms
  not defined herein will have the meanings given to them in the Rights Agreement,
  which is attached hereto as an exhibit.  Each right entitles the holder
  thereof, after the Separation Time, to purchase one Common Share of the
  Corporation for the Exercise Price as at the Business Day immediately preceding
  Separation Time.  In the event that any Person becomes an Acquiring Person (a
  "Flip-in Event"), each Right shall thereafter constitute the right to purchase
  from the Company, that number of Common Shares of the Corporation as have an
  aggregate Market Price on the date of occurrence of such Flip-in Event equal to
  twice the Exercise Price for an amount in cash equal to the Exercise Price.
  This right shall be adjusted in the event that at any time after the Record Time
  and prior to the Expiration Time, (i) a dividend in Voting Shares or Convertible
  Securities is declared or paid, (ii) the outstanding Common Shares are
  subdivided or changed into a greater number of Common Shares, (iii) the
  outstanding Common Shares are consolidated or changed into a smaller number of
  Common Shares, or (iv) Voting Shares (or Convertible Securities in respect
  thereof) are issued in lieu of or in exchange for existing Common Shares. The
  description and terms of the Rights are set forth in the Rights Agreement
  between the Company and Montreal Trust Company of Canada, as Rights Agent, which
  is included as Exhibit 4.1 hereto. The Company's shareholder rights plan will be
  submitted for approval by the Company's stockholders at the annual and special
  shareholders' meeting scheduled for April 14, 1999, and the plan will be
  operative until that meeting.
  
  ITEM 7.        FINANCIAL STATEMENTS AND EXHIBITS
  
  (C)  LISTING OF EXHIBITS
  
  Exhibit
  Number       Description
  ------       -----------
  
  4.1          Shareholder Rights Plan Agreement dated February 11, 1999 between
               the Company and Montreal Trust Company of Canada, as Rights Agent,
               which includes as Exhibit A the Form of Rights Certificate.
  
  99.1         Press release of the Company dated February 11, 1999.
   
  99.2         Press release of the Company dated February 25, 1999.
  <PAGE>
   
                                     SIGNATURE
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  Dated:  March 19, 1999
  
                                               COREL CORPORATION
  
                                          By: /s/ Dr. Michael C.J. Cowpland
                                             ------------------------------------
                                               Dr. Michael C.J. Cowpland
  
                                               Chairman of the Board, President,
                                               Chief Executive Officer
  <PAGE>
   
                                   EXHIBIT INDEX
  
  
  Exhibit
  Number       Description
  ------       -----------
  
  4.1          Shareholder Rights Plan Agreement dated February 11, 1999 between
               the Company and Montreal Trust Company of Canada, as Rights Agent,
               which includes as Exhibit A the Form of Rights Certificate.
   
  99.1         Press release of the Company dated February 11, 1999.
   
  99.2         Press release of the Company dated February 25, 1999.
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text: 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):  February 11, 1999
                                 COREL CORPORATION
              (Exact name of Registrant as specified in its Charter)
  
                          Commission File Number 0-20562
  
               CANADA                                NOT APPLICABLE
    (State or other jurisdiction of                 (I.R.S. Employer
    incorporation or organization)                  Identification No.)
  
  1600 CARLING AVENUE, OTTAWA, ONTARIO, CANADA           K1Z 8R7
    (Address of principal executive offices)            (Zip Code)
  
  Registrant's telephone number, including area code:  (613) 728-8200
  ITEM 5.        OTHER EVENTS
  
           ADOPTION OF SHAREHOLDER RIGHTS PLAN
  
  On February 11, 1999, the Board of Directors of Corel Corporation (the
  "Company") declared a distribution of one common share purchase right (a
  "Right") in respect of each common share outstanding at the Close of Business on
  February 25, 1999 (the "Record Time").  In addition, one Right shall be issued
  with each Common Share issued after the Record Time and prior to the earlier of
  the Separation Time and the Expiration Time, as such terms are defined in the
  Shareholder Rights Plan Agreement (the "Rights Agreement"). Capitalized terms
  not defined herein will have the meanings given to them in the Rights Agreement,
  which is attached hereto as an exhibit.  Each right entitles the holder
  thereof, after the Separation Time, to purchase one Common Share of the
  Corporation for the Exercise Price as at the Business Day immediately preceding
  Separation Time.  In the event that any Person becomes an Acquiring Person (a
  "Flip-in Event"), each Right shall thereafter constitute the right to purchase
  from the Company, that number of Common Shares of the Corporation as have an
  aggregate Market Price on the date of occurrence of such Flip-in Event equal to
  twice the Exercise Price for an amount in cash equal to the Exercise Price.
  This right shall be adjusted in the event that at any time after the Record Time
  and prior to the Expiration Time, (i) a dividend in Voting Shares or Convertible
  Securities is declared or paid, (ii) the outstanding Common Shares are
  subdivided or changed into a greater number of Common Shares, (iii) the
  outstanding Common Shares are consolidated or changed into a smaller number of
  Common Shares, or (iv) Voting Shares (or Convertible Securities in respect
  thereof) are issued in lieu of or in exchange for existing Common Shares. The
  description and terms of the Rights are set forth in the Rights Agreement
  between the Company and Montreal Trust Company of Canada, as Rights Agent, which
  is included as Exhibit 4.1 hereto. The Company's shareholder rights plan will be
  submitted for approval by the Company's stockholders at the annual and special
  shareholders' meeting scheduled for April 14, 1999, and the plan will be
  operative until that meeting.
  
  ITEM 7.        FINANCIAL STATEMENTS AND EXHIBITS
  
  (C)  LISTING OF EXHIBITS
  
  Exhibit
  Number       Description
  ------       -----------
  
  4.1          Shareholder Rights Plan Agreement dated February 11, 1999 between
               the Company and Montreal Trust Company of Canada, as Rights Agent,
               which includes as Exhibit A the Form of Rights Certificate.
  
  99.1         Press release of the Company dated February 11, 1999.
   
  99.2         Press release of the Company dated February 25, 1999.
  SIGNATURE
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  Dated:  March 19, 1999
  
                                               COREL CORPORATION
  
                                          By: /s/ Dr. Michael C.J. Cowpland
                                             ------------------------------------
                                               Dr. Michael C.J. Cowpland
  
                                               Chairman of the Board, President,
                                               Chief Executive Officer
  EXHIBIT INDEX
  
  Exhibit
  Number       Description
  ------       -----------
  
  4.1          Shareholder Rights Plan Agreement dated February 11, 1999 between
               the Company and Montreal Trust Company of Canada, as Rights Agent,
               which includes as Exhibit A the Form of Rights Certificate.
   
  99.1         Press release of the Company dated February 11, 1999.
   
  99.2         Press release of the Company dated February 25, 1999.