Microsoft Wants Document Format Standardized
Microsoft submitted a proposal to Ecma International, an industry group that develops and publishes technical standards, to standardize the document format used for its popular Office products, Microsoft Office Open XML. Microsoft said it would then provide a simple, free license to anyone who wants it, making it easy for others to build products and other ways to access the information.
Verizon Sues to Stop Cell Phone Spam
Verizon Wireless sued to stop a Florida marketer from sending unsolicited text messages to Verizon customers. The company said Passport Holidays sent more than 98,000 spam messages to Verizon customers in October.
Scientific-Atlanta Sued Over Proposed Sale
Scientific-Atlanta said it is the target of two "purported class-action lawsuits" alleging that the company's proposed sale to Cisco Systems breached fiduciary duties to shareholders.
The company, which makes cable set-top boxes, said it thoroughly deliberated the best transaction at the highest price available to shareholders before it agreed last week to be acquired by Cisco.
VCampus Gets Warning From Nasdaq
VCampus, a Reston company that provides online training, said the Nasdaq Stock Market has notified it that it may be delisted because it does not meet requirements for stockholder equity, market value and earnings. The company said it is completing a plan to satisfy the requirements, including new equity financing.
LCC International of McLean announced a long-promised restatement of its financial results. The wireless communications company said the restatement for 2004 resulted in revenue decreasing by $5.4 million, or 3 percent, and its loss growing by $1 million, or 18 percent. It said the restatement for the first quarter of this year caused revenue to increase by $2.9 million, or 7 percent, and its loss to increase by $1 million, or 36 percent.
Compiled from staff and news service reports.