WordPerfect Corp, Orem, Utah says that things are now in place for an initial public offering sometime in the future, but it is not prepared to give any indication of when the long-awaited event might happen. We are just at a point if we have anything to say, we really could not, the company told Reuter, but it did say that it had hired Morgan Stanley & Co as its financial consultant, along with Donaldson Lufkin & Jenrette, but declined to say whether the investment banks are underwriters for a stock offering. It also declined to comment when asked if WordPerfect plans to file any registration documents with the US Securities and Exchange Commission anytime soon. The co-founders are expected to offer 15% to 20% of the word processor company, which had 1992 sales of some $500m.
