content: <PAGE>
   
                        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):  January 20, 1998
  
                                 COREL CORPORATION
              ------------------------------------------------------
              (Exact name of Registrant as specified in its charter)
  
                                      Canada
                   --------------------------------------------     
                  (State or other jurisdiction of incorporation)
  
       0-20562                                             Not Applicable
    -----------------                                    ------------------  
     (Commission                                           (IRS Employer
      File Number)                                        Identification No.)
  
               1600 Carling Avenue, Ottawa, Ontario, Canada  K1Z8R7
        ------------------------------------------------------------------
               (Address of principal executive offices)  (Zip code)
  
                                  (613) 728-8200
               ----------------------------------------------------
               (Registrant's telephone number, including area code)
  
                                  Not Applicable
            -----------------------------------------------------------
           (Former name or former address, if changed since last report)
  
                                          
  <PAGE>
   
  ITEM 5.   OTHER EVENTS.
  
       On January 20, 1998, Corel Corporation (the "Company") issued a press
  release concerning (i) results for its fourth fiscal quarter ended November
  30, 1997, and (ii) the restatement of certain financial information that was
  included in the Company's previously reported quarterly results for the first
  three fiscal quarters, to reflect certain adjustments to revenue and costs of
  sales relating to certain technology exchange transactions entered into by the
  Company in the first three quarters of fiscal 1997. The adjustments will
  decrease revenues for those quarters from previously reported amounts. A copy
  of the press release is attached hereto as Exhibit 99.01 and is incorporated
  herein.
  
            The Company expects to file amended Quarterly Reports on Form 10-Q to
  reflect the restatement of these items.
  
  ITEM 7:  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
  
  (c)       Exhibits.
            ---------
  
            The following exhibits are filed herewith:
  
  
  99.01     Press release dated January 20, 1998
  
                                         2
  <PAGE>
   
                                     SIGNATURE
  
            Pursuant to the requirements of the Securities Exchange Act of 1934,
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
  Date:  January 20, 1998
  
                                           Corel Corporation
  
  
                                           By: /s/ Michael P. O'Reilly
                                               -----------------------------
                                               Michael P. O'Reilly, Vice President
                                               and Chief Financial Officer
  
                                         3
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text: 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):  January 20, 1998
  
                                 COREL CORPORATION
              ------------------------------------------------------
              (Exact name of Registrant as specified in its charter)
  
                                      Canada
                   --------------------------------------------     
                  (State or other jurisdiction of incorporation)
  
       0-20562                                             Not Applicable
    -----------------                                    ------------------  
     (Commission                                           (IRS Employer
      File Number)                                        Identification No.)
  
               1600 Carling Avenue, Ottawa, Ontario, Canada  K1Z8R7
        ------------------------------------------------------------------
               (Address of principal executive offices)  (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.   OTHER EVENTS.
  
       On January 20, 1998, Corel Corporation (the "Company") issued a press
  release concerning (i) results for its fourth fiscal quarter ended November
  30, 1997, and (ii) the restatement of certain financial information that was
  included in the Company's previously reported quarterly results for the first
  three fiscal quarters, to reflect certain adjustments to revenue and costs of
  sales relating to certain technology exchange transactions entered into by the
  Company in the first three quarters of fiscal 1997. The adjustments will
  decrease revenues for those quarters from previously reported amounts. A copy
  of the press release is attached hereto as Exhibit 99.01 and is incorporated
  herein.
  
            The Company expects to file amended Quarterly Reports on Form 10-Q to
  reflect the restatement of these items.
  
  ITEM 7:  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
  
  (c)       Exhibits.
            ---------
  
            The following exhibits are filed herewith:
  
  99.01     Press release dated January 20, 1998
  
                                         2
  SIGNATURE
  
            Pursuant to the requirements of the Securities Exchange Act of 1934,
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
  Date:  January 20, 1998
  
                                           Corel Corporation
  
                                           By: /s/ Michael P. O'Reilly
                                               -----------------------------
                                               Michael P. O'Reilly, Vice President
                                               and Chief Financial Officer
  
                                         3