Kevin J. O'Brien of NYTimes writes:

The company(Microsoft), under pressure from European regulators, national
standards organizations and its own government clients, said it planned to
give customers the ability to open, edit and save documents in Open Document
Format — the main competitor to the Microsoft Word format — through a free
update.

With the update, consumers will be able to save text documents in ODF format
and adjust Office 2007 settings to automatically save documents in the rival
format.

Next year, Microsoft will also let consumers open and save files in
Adobe<http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=ADBE>
's Portable Document Format 1.5 and PDF/A formats.

The full article:

http://www.nytimes.com/2008/05/22/technology/22format.html?th&emc=th

Cheers,
snkr

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