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Walter Straub

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BUSINESS
September 20, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
Say goodby to the floppy disk? Walter Straub, chief executive of Rainbow Technologies Inc. in Irvine is prepared for the day when software is distributed electronically. Rainbow Technologies' newest product allows a software publisher to store multiple programs on a single compact disk, which can hold the equivalent of hundreds of floppies. The product uses a special code to lock or unlock access to programs on the CD to prevent unauthorized use or copying.
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BUSINESS
September 20, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
Say goodby to the floppy disk? Walter Straub, chief executive of Rainbow Technologies Inc. in Irvine is prepared for the day when software is distributed electronically. Rainbow Technologies' newest product allows a software publisher to store multiple programs on a single compact disk, which can hold the equivalent of hundreds of floppies. The product uses a special code to lock or unlock access to programs on the CD to prevent unauthorized use or copying.
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BUSINESS
October 9, 1996
Rainbow Technologies Inc. said it has acquired Software Security Inc. of Darien, Conn., for about $5.8 million in stock. Both companies make computer security systems that prevent theft or unauthorized copying of software. Software Security has been privately held since it was founded in 1983. The acquisition "diversifies our customer base and enhances our strong product line with new technology," said Walter Straub, chief executive of Irvine-based Rainbow. Rainbow reported earnings of $5.
BUSINESS
February 19, 1992 | Dean Takahashi / Times staff writer
Rainbow Stretches to France: Rainbow Technologies Inc., an Irvine maker of computer security devices, has agreed to acquire a French software company for $14.5 million plus 286,000 restricted shares of Rainbow stock. Rainbow will acquire all the shares outstanding of Microphar S.A., a Paris company with 1991 sales of $8 million.
BUSINESS
December 29, 1993 | From Times Staff and Wire Reports
Shareholder Sues Irvine Computer Firm: An investor in Rainbow Technologies Inc. filed a class-action lawsuit against the Irvine maker of computer security products, accusing it and eight top executives of defrauding shareholders. The suit, led by shareholder Charles Gruver, charges that Walter Straub, Rainbow's chairman, and the others were "unqualifiedly optimistic" about the company's future when they knew or should have known about its weaknesses.
BUSINESS
November 8, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Irvine-based Rainbow Technologies Inc. plans to announce today that it is merging its China operations with a Chinese company to sell digital security products in that country. Under a deal being termed a joint venture to accommodate China's laws restricting foreign ownership of Internet firms, Rainbow and Beijing-based Goldensoft Co. will combine their China operations to form Rainbow Goldensoft Co., which will control more than 80% of the market for software security, the companies said.
BUSINESS
November 8, 1999 | JONATHAN GAW
Irvine-based Rainbow Technologies Inc. today will announce it is merging its China operations with a Chinese company to sell digital security products in that country. In a deal being termed a joint venture to accommodate China's laws restricting ownership of Internet firms, Rainbow and Beijing-based Goldensoft Co. Ltd. will combine their China operations to form Rainbow Goldensoft Co. Ltd., which will control more than 80% of the market for software security, the companies said.
BUSINESS
December 29, 1993 | From Bloomberg Business News
Rainbow Technologies Inc. and eight company insiders were named in a shareholder lawsuit alleging the computer software security company defrauded investors. The suit, filed by a shareholder in U.S. District Court in Los Angeles, seeks class action status for all investors who bought Rainbow stock between March 23 and Oct. 4, 1993.
BUSINESS
October 9, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
Helping to usher in the age of electronic software shopping, Rainbow Technologies Inc. plans Monday to announce a deal to license its encoded compact disk technology to Apple Computer Inc. Cupertino-based Apple will announce that it has formed a software distribution division, Software Dispatch, and will launch an advertising campaign promoting the distribution of software on compact disks as a more convenient alternative to standard floppy disks, which could become obsolete.
BUSINESS
December 1, 1994 | ROSS KERBER, TIMES STAFF WRITER
For years the fear of software piracy has brought the giants of technology to the door of Rainbow Technologies Inc., which protects programs with matchbook-size devices that plug into the backs of personal computers. Buyers such as Microsoft Corp., Borland International and Hewlett-Packard Co. include the keys with software programs that they sell, particularly those marketed in foreign countries where intellectual property standards are lower or are not enforced.
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