Feeds

SPC contemplates its future

Harvard Graphics could be up for sale

  • alert
  • submit to reddit

Reducing security risks from open source software

It looks like Software Publishing Corp is putting Harvard Graphics up for sale. Following its run-in with NASDAQ, the Fairfield New Jersey company has hired Southeast Research Partners Inc (SERP) to provide investment-banking services. The conventional preamble to disposals. Software Publishing's president and CEO, Mark Leininger said only that: "SERP will pursue and evaluate traditional financing alternatives as well as alternative capital structures." Software Publishing was told last week that it can continue its NASDAQ listing, subject to certain conditions. It must file a report with the US Securities and Exchange Commission by December 15 showing net tangible assets, "no less than $3.5 million as of October 31… adjusted on a pro forma basis for any significant events or transactions". The company acknowledged that it needs to generate additional equity financing since it had only $2,970,128 of net tangible assets as of June 30, 1998. Another condition is a minimum $1 bid price for common stock by January 21, 1999, and a closing bid price of $1 or more for a minimum of ten consecutive trading days. Leininger said: "We are grateful that NASDAQ provided the opportunity to present our immediate and long-term growth plan and strategic objectives and… has decided to continue the listing… while allowing time to aggressively pursue profitable operations, equity financing and greater exposure in the investment community." Robert Gordon resigned as vice president of marketing and sales. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.