That is somewhat revisionist history. WordPerfect admitted at the time they saw OS/2 as the future and were focused on that. Only in hindsight did they realize OS/2 was going nowhere (too bad, it was better than 95) and had to rush to get a WordPerfect for 95. Worse for them, they wrote each release of WordPefect in platform specific code (mostly assembly) so it wasn't a case of port to 95 it was a case of start over mostly from scratch.
Yes WordPerfect lost to Word with 95 - but it was bad decisions on WordPerfect's part. They had opportunity to get WordPerfect on 95 much faster. I don't know if it would have been fast enough, but they didn't even try until it was too late.