Genuine Open-Standard Format for Office Documents Already Available

From OpenOffice.org:

25 November 2005
OpenOffice.org believes that the demand for a genuine open-standard  format for office documents is overwhelming. Users of office software  are coming to realise that their real investment lies not in the  software itself, but in the spreadsheets, databases, and  wordprocessing documents which they have created:  their own  intellectual property. The only way to guarantee access to this  investment long term is for the data to be stored in a vendor- neutral, open-standard format.
Microsoft’s announcement on Monday, 21 Nov., that it recognises the  market pressure for open-standard data formats is a welcome  development.  But why opt for a new standard? OpenDocument, which  OpenOffice.org uses, is approved by OASIS – the standards body for  XML data formats in business; OASIS is sponsored by all the leading  names in IT, including Microsoft. In addition, OpenDocument was  submitted to the International Standards Organisation (ISO) on 30  September 2005 for ratification.
OpenDocument is a genuine vendor-neutral, open-standard  specification, free from intellectual property encumbrances, so that  all developers are free to work with it, including open-source  developers.
Vendors and developers do not need to continue with the current  limiting industry standard, as the OpenDocument standard is available  now. Utilising an open-standard, such as OpenDocument, driven and  supported by many vendors, is of huge benefit to organisations and  their customers. Interoperability between different applications and  potential new ventures formed among vendors supporting OpenDocument  will stimulate innovation.
Following an open process, the OASIS OpenDocument Technical Committee  has a long term commitment to extend, improve, and maintain the  standard as technology changes. Membership is open to anyone and  users of OpenDocument may view the OpenDocument proceedings and  participate in an increasing number of forums.
OpenOffice.org and other open-source projects are well placed to lead  and contribute to the innovation of new e-business applications  utilising the OpenDocument file format specification.

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