Actuate Confident of Vindication in MicroStrategy Trial.Business Editors SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.--(BUSINESS WIRE)--March 14, 2003 Actuate Corporation (Nasdaq:ACTU ACTU Australian Council of Trade Unions ACTU AIDS Clinical Trials Unit (Washington University Medical Center, St. Louis, Missouri) ACTU Association of Catholic Trade Unionists ACTU Australian Capital Territory Union ), the provider of the leading Information Application platform, issued the following update: Today, the Court heard closing arguments in the case of MicroStrategy v. Li, Xue and Actuate Corporation in Fairfax Circuit Court, Fairfax, Virginia. The case, which was filed in June of 2001, alleged that Actuate (ACTU) and two of its software engineers, who formerly worked for MicroStrategy (MSTR MSTR Microstrategy, Inc (stock symbol) MSTR Master MSTR Minneapolis and St. Louis (railroad) MSTR Master Mode ), had misappropriated mis·ap·pro·pri·ate tr.v. mis·ap·pro·pri·at·ed, mis·ap·pro·pri·at·ing, mis·ap·pro·pri·ates 1. a. To appropriate wrongly: misappropriating the theories of social science. MicroStrategy trade secrets. The trial lasted for 5 weeks with over twenty witnesses testifying both live and by videotaped deposition. Actuate's general counsel, William Garvey, who attended the entire trial, stated that "we feel that the evidence clearly established that Actuate did not misappropriate mis·ap·pro·pri·ate tr.v. mis·ap·pro·pri·at·ed, mis·ap·pro·pri·at·ing, mis·ap·pro·pri·ates 1. a. To appropriate wrongly: misappropriating the theories of social science. any MicroStrategy information and we are confident that we will be vindicated in this matter." A decision in the case is expected sometime this Spring. About Actuate Corporation Actuate Corporation provides the leading Information Application Platform upon which Global 9000 organizations and packaged software vendors create mission-critical Information Applications. These applications include Business Performance Management (BPM) dashboards, Information Portals as well as business analytic, enterprise reporting and spreadsheet reporting applications. Information Applications built with Actuate empower 100% of an organization's user community inside and outside the firewall, and thereby allow companies to increase their business agility, improve customer and partner relationships, adhere to corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. policies, and increase revenues while leveraging existing technology assets. When tested against other alternatives, Actuate's Information Application Platform has been proven to offer the best performance, highest scale and lowest Total Cost of Ownership. Actuate has over 2,000 direct customers and 300 OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners in the financial services, pharmaceutical, insurance, logistics and government industries among other sectors. The company is headquartered in South San Francisco, California South San Francisco is a city in San Mateo County, California, United States, located on the San Francisco Peninsula in the San Francisco Bay Area. The population was 60,552 at the 2000 census. with operations around the globe. Founded in 1993, Actuate has headquarters in South San Francisco, Calif., and has offices worldwide. For more information on Actuate, visit the company's Web site at www.actuate.com Note to Editors: Actuate is a registered trademark of Actuate Corporation. e.Reporting and e.Spreadsheet are trademarks of Actuate Corporation. Other company names and trademarks are trademarks of their respective companies. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion