Datawatch Corporation Files Suit Against Palms Technology U.S., Inc.WILMINGTON, Mass.--(BUSINESS WIRE)--Nov. 16, 1998--Datawatch Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DWCH) announced today that on November 12, 1998 it filed suit in Middlesex Superior Court against Palms Technology U.S., Inc., a Massachusetts corporation ("Palms"), and Jesse E. Torres, III, Palms' Chairman and Chief Executive Officer. In the lawsuit, Datawatch alleges that Palms and Mr. Torres committed multiple breaches of contract by, among other things, repeatedly failing to complete and deliver various software products that Palms was hired and paid by Datawatch to develop. On November 12, 1998, Datawatch moved for, and Judge Dianne Kottmyer of the Middlesex Superior Court, granted Datawatch: --A Temporary Restraining Order temporary restraining order: see injunction. , directing Palms (1)suit against Palms and Mr. Torres and obtaining the court orders described above, Datawatch learned of Palms' lawsuit against Datawatch. Bruce Gardner, President anleading provider of Enterprise Reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. and Seolution worldwide. Datawatch also offers Redwing, an Adobe Acrobat Document exchange software from Adobe that allows documents to be displayed and printed the same on every computer. The Acrobat system created the Portable Document Format (PDF), which is widely used in commercial printing and on the Web. See PDF. plug-in that simplifies text and table extraction from PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. documents. Datawatch works with VARs, integrators, consultants and independent software vendors who sell and support Datawatch products. In addition, Datawatch works with 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 customers who embed Datawatch components and technologies in their own solutions. Monarch, Monawatch Corporation. All other company or product names are trademarks or registered trademarks of their respect owners. |
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