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Show By DONALD W. MEYERS The new approach is aiso turning around slump in WordPerfect’s market presence Novell “| think we already noticed that huge steps The Daily Heraid SALT LAKE CITY — After rounds of layoffs and buy-outs, WordPerfect is back and Teady to tear up the Internet. response from skepticism to enthusiasm, Cowpiand said. The goal is to give Corel Corp. executives, in a high-tech pre- a 30-percent market presence, compared with, sentation at the Salt Lake Marriott, formally the present 10 percent. : hed the new Core! WordPerfect Suite, a puter Cowpland said the entire suite is being sol document and processor pro- plugged it in. When he changed the original in for the price of a word processor, putting tm gram with spreadsheet, graphics and telecommunications capabilities. __Corel President and CEO, Michael Cowpiand, d plans to use the new Java operating Sea pate tegneineeies oooh The release is the first revision to the popular word p since Ottawa, Ontario, Canada-based Core! bought the business applications group from Orem-based Novell Inc. and the aie layoffs that preceded trading profits over a more than two-year period to mask losses and get a big bonus. SEC prosecutors declined comment on their own witness. NEW YORK (AP) — Picture telephone conversations may become more common with a new technique Intel Cerp. will demonstrate for using personal computers to ship video signals over ordinary phone lines. The innovation will be placed in many new personal computers sold for home use this fall, executives from Intel and computer makers said Wednesday. It builds on Intel's experience with its ProShare product, sold to busi- nesses to allow video conversations through PC networks and higher-speed phone lines called and followed the acquisition “I've been with WordPerfect for six-and-ahalf years, and I have never been more excited to deliver an application,” said Jeff Hunsaker, business applications marketing director. The main thrusts of the new program group was to make it compatible with Microsoft Windows 95, easy to use, Internet compatible and fully int with the rest of the programs. The programs use a Windows 95-style desktop, and users can access a particular program by clicking on it. Also, the desktop can be used to store text and graphics cut from documents. revenues. The c ies y's deal the existing programs to learn how to improve the system. Amongthe improvements are software routines that allow users to automatically create business cards, arrange text into column formats and put the information on a precise number of pages. The software can also take a user through the process step-by-step as a tutorial. NEW YORK(AP) (AP) — Giving ammunition to Joseph Jett’s al Reserve reported. AA survey of $6 domestic banks defense, an ex-boss of the accused and 22 US. branches of foreign banks in early May showed that overall “bank lending standards were d to a bit tighter compared with three IS ago. Twenty percent of the banks had more stringent standards for approving new credit card applica- tions and 10 percent had tightened standards for non-credit card installment loans, said the report, released Wednesday. By creating a version compatible with the ating system utilizes a master file servet accessed by smaller co The WordPerfect Java system was demon- strated in San Francisco last week. The arrangement will allow users with smalk computers to only use the actually need. Industry experts feel that approach will be the latest wave in computer technology for the average user, while those demanding more power will stick with the expensive large-memory computers. Orem Mayor Stella Welsh said she was impressed with the rebirth of WordPerfect, and the decision to keep the word processing The suite is also fully compatible with the branch in Orem. Cowpland said Internet. It is bundled with AT&T's WorldNet Service software and Netscape Navigator 2.01 The new WordPerfect can also create HTML (hypertext markup language) documents, the from Corel are transferring from Ottawa to Orem to assist in improving the program. Corel also announced a program to provide an educational version of the WordPerfect suite rated into suite applications. Along with new features, the new WordPerfect suite is benefiting from a new approach. Cowpland said Corel is investing more than $100 million in television, newspaper and magazine advertisements to promote the new product worldwide, as well as promoting the product in a company-sponsored publication. 95, Macintosh or Windows 3.1 versions for the cost of licensing, whichis estimated to be $39. “Educational institutions in Utah will now be able to benefit from having access to world-class technelogy without having to compromise a significant portion of theirbudgets,” Cowpland said: The educational version will not include Envoyy a program designed to create CD ROM documents. ‘Economy grew moderatelyin first quarter || WASHINGTON (AP) over rising loan Banks, delinquencies, are beginning to tighten their standards, the Feder- reach of more people. Java operating system, Corel ts putting WordPerfect out ahead of Microsoft. The Java oper~ Hunsaker said program designers talked basis for a World Wide Web home page. while to Utah schools. Beginning in June, schools with WordPerfect users and watched them use information from the Internet can be incorpo- will be able to obtain the programs in Windows lis, will create a health care com- ISDN. panywith more than $9billion in Earpe tate Nees Quattro,the copy in the WordPerfect document was also changed. Hunsaker’s actions were displayed on two wali-sized video monitors. Afterwards, attendees got to try the applications out on computers set up in an adjacent conference room. Taking advantage of the 32-bit technology in Windows95, the new WordPerfect aliows for more typefaces and size changes in one-tenth of a point increments, as weil as rotation of graphics bysingle degrees. Microsoft's competing word processor, Word 7, cannot do that, Cowpland pointed out. The suite also includes Corel’s Presentations, a program that allows users to create video presentations complete with praphics. special effects, animation and sound. C used the program to highlight his keynote address. | The GDP measures ail the goods | Sd servesPecuoeabywennsrs | frewus outer | gustes, regardless of ee 132s [4 {3 [2 1 0 1904 meee annual rate By MARTIN CRUTSINGER AP Economics Writer WASHINGTON — The US. out on the question of whether the consumer sales are rising as manuFederal Reserve will be forced to facturers step up production to step in and start raising interest rates meet the higher demand. to keep the economy from overheat“The downward revision is economy was growing at an annureally a sign of strength for the rest | al rate of 2.3 percent at the begin- ing and pushing inflation higher. When the initial GDP estimate — It suggests there aren't | ning of the year as consumer ding shot up at the fastest pace inn more than two years. The Commerce Department eae today that the advance in domestic product, the a measure of economic health, was 0.5 percentage point lower than an initial estimate it made a month ago of 2.8 percent for the January-March quarter. But a with pe downward revision, DP was still growin; ata rate more than four times as than the anemic 0.5 turned in duringthe fourth quarter of 1995. Analysts said the jury was still came out a month ago, it caused a steep plunge in both stock and bond sitting out there on Prices as analysts feared that the faster growth would force the Fed to slam on the brakes by raising interest rates. Even with today’s downward Tevision, there are still concerns because all of the downward revision was due to businesses paring their backlog of unsold products at an even faster clip than previously estimated. While a decline in business inventories subtracts from current 2.5 percent to 3 percent, eveg: ae er But he said the economy should sidiy down in the second half of the yea: Manyanaiysts believe that eved with the rebound in first-half the Fed will remain on the sidelines for all of 1996 because it GDP, it sets the stage for faster does not expect inflationary presgrowth in the future, especially if sures to get out of hand. New homesalesset record in April < L. Dean Jt,, Michael A. Kane, Nilliam Lightcap, and Jules Ross. WASHINGTON — Sales of new homes shot up 6.7 percent in April, exceeding 700,000 for a "Each director will hold office fdr a one-year term or until a successor is elected and quali! fourth consecutive month as activity surged in the Northeast. Sales rose by smaller amounts in other regions. The Commerce Department y. Miller, prior to join- said today sales of single-family homesoverall totaled 776,000 at a seasonally adjusted annual rate, up from a sharply revised ing Monroc in 1995, spent many yéars as a land developer in South- em California. The vacancy on the corn ow of deco fae "s retirement will be ms ended in December 1993. The increase was the largest since an 8.8 percent advance in January. Many analysts had expected sales to grow about 4 percent in April as buyers rushed to sign contracts while mortgage rates remained below 8 percent. Butthey maintain that sales are near their peak and will slow eventually as buyers feel the effects of rising rates. Analysts ay that for every | percentage increase in rates, 250, “ 300,000 families are priced out of the market. 727,000 in March. The March rate originally was estimated at After dipping to an average of 672,000. 7.03 percent in January, rates rose Sales also were revised up for to an average of 7.93 percent in January, to a 743,000 rate from April, up from 7.62 percent in 729,000, and for February, to March but below the 8.32 so y 786,000 from 727,000. average a year earlier. The The monthly payment on a $100,000 mortgage with a 7 percent interest rate is $665. Payment on the same loan with a 8 percent tate is $734 — a difference of $69. The strong pace during the first four months of the year pushed sales 25.9 percent above the same period of 1995. It also meant the seasonally adjusted estimate of new houses for sale at the end of April was 370,000, ting a supply of 5.8 months at the currentsales rate. The supply was 6.1 months in March. The median price of a new home was $138,700, up from $137,000 in March and $134,000 in April 1995. Regionally, sales jumped 56 a, in the Northeast to a It was the first time sales have Home Loan Mort Corp. said 000 annual rate. It was the hightopped a 700,000 rate for four rates averaged 8.01 percent last ont vel sce a Ma ea months in a row since the period week. tember 1994. Always go back to the basics when investing Sports fans know the frustration eft Fi gié i i ah A az f at Risk is more than a chance of pt i Copper - $1.1975 per $.1807 French wool llagshy -dpagt>he $.2270, 1.7157 cents per Ib. 4988-.S090 down from 7 delivered. Tin - $4.1818 95 lire, down Week iss5.00; 1.3730 Canadian pa from 1.3716. The ite 134 late nderstand risk rit destination.Copper ments differently. Diversification “ you avoid a total loss. AT Te from $391.00 late eieecpal: Zurich, the late bid $391.50, up from $391.00 late Wednesday. Gold fell 70 cents to as in Hong Silver traded in London at $5. 32 a oy ounce, down from $5.33 a troy ounce late Wednesday. 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