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Default Conditional formatting: formula not working on other pc's

Hi ya, I created CF on a ssheet on my local pc and then saved it on my
colleagues pc. However, when he opened it, the results of the CF were not
displayed although the actutal CF formula was visable in FormatConditional
Formatting. Why is this so? It is not saved as a Shared workbook and as we
are on a network. I don't really want to use the Shared Workbook feature due
to it's glitches.
Are conditional formatting formula's saved locally? Is their a way of this
working. The same applies when I saved the spreadsheet on a pen drive and
too the CF did not get applied when I opened it.

Help!
--
Regards
Mike
 
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