Feeds

SPC contemplates its future

Harvard Graphics could be up for sale

  • alert
  • submit to reddit

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.