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Software Briefs: Microsoft, Veritas

Software Briefs: Microsoft, Veritas

Microsoft finally ships another beta of XP SP2

Microsoft has finally shipped the latest beta version of Windows XP Service Pack 2, which the company has touted as a major milestone in its efforts to develop more secure software. Release Candidate 2 was originally planned for last month, but Microsoft was said to have delayed it to fix bugs and correct some compatibility issues. Microsoft has warned corporate users for months that SP2 will break some applications. The application issue is most prominent in the Windows Firewall, which is turned on by default and will disrupt communication for certain applications, such as remote administration and patch management tools, performance monitors and other tools that communicate over file-and-print sharing channels, hard-drive shares that operate over specific ports, and peer-to-peer and file-sharing programs. The firewall can be configured to permit those communications, but users will trade security for those conveniences.

Veritas restates results

Veritas has restated three years of financial results, removing $US29 million in revenue after an internal investigation revealed accounting improprieties. In an amended annual report detailing the revisions, Veritas cited several practices violating accounting rules, including incorrect deferral of professional services revenue, the unsubstantiated accrual of certain expenses, and the overstatement of accounts receivable and deferred revenue. In its statement about its revised results, Veritas confirmed its earlier guidance for the current quarter, saying it expects revenue of $490 million to $505 million. In March, when the company first warned of the problem, chairman and CEO, Gary Bloom, said in a written statement that the company’s financial reporting was substantially improved by the November 2002 arrival of CFO, Ed Gillis.


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