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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: sandintoes who wrote (1231)5/8/2000 10:46:00 AM
From: sandintoes  Read Replies (1) of 2477
 

Nokia and BEA Sign a Worldwide Agreement to Deliver an End-to-End Mobile Commerce Solution

Nokia and BEA to Market a Single, Integrated Enterprise Solution, Tailored For Scalable Banking, Financial Services and Travel Applications
SAN JOSE, Calif., May 8 /PRNewswire/ -- BEA Systems, Inc. (Nasdaq: BEAS), the E-Commerce Transactions Company(TM) and Nokia (NYSE: NOK) today announced a global agreement to bring scalable, end-to-end mobile e-commerce (m-commerce) to the enterprise. Under the terms of the agreement, BEA will integrate, resell and distribute the Nokia WAP Server with the BEA E-Commerce Transaction Platform(TM). The integrated offering, called BEA WebLogic M-Commerce Solution(TM), includes the Nokia WAP Server, the BEA WebLogic application and commerce servers, and targeted services that extend traditional legacy and Internet applications into the hands of mobile business users, who require sophisticated capabilities to perform m-commerce transactions over the wireless Web. BEA and Nokia will also equip developers with a complete end-to-end m-commerce development kit to build and test mobile Internet solutions.

Together, BEA and Nokia are elevating WAP solutions -- from simple content delivery to transaction-oriented services -- enabling enterprises to build corporate mobile services based upon a proven, mission-critical transaction platform. The BEA and Nokia solution will initially target banking and financial services, online ticketing, and telecommunications applications. The BEA WebLogic M-Commerce Solution, which combines best-of-breed technologies from BEA and Nokia, will set a new performance standard for reliability and scalability in wireless application servers, leveraging BEA's proven technology used by over 4,000 of the world's most successful e-businesses.

"Your office is now in your pocket. With more mobile phones in the world today than personal computers, one can easily picture a future where location becomes a matter of choice rather than necessity," said Alfred Chuang, co-founder, president and chief operating officer of BEA Systems. The ability for customers to extend their existing solutions to a mobile device means that they can be first to market with mobile business solutions," said Chuang.

"We anticipate organizations will start to provide more and more highly personalized services to individuals on their WAP-enabled devices," said Greg Shortell, vice president Global Sales, Nokia Internet Communications. "In return, individuals will expect a reliable service, with rapid response and secure, mobile e-commerce transactions. The WAP phone will become their 'personal trusted device,' from which they can perform transactions anywhere."

Earlier this year BEA and Nokia announced the integration of BEA WebLogic Server and the Nokia WAP Server. Today's expanded integration enables the Nokia WAP server to take advantage of BEA's high availability and seamless failover, enterprise-class scalability, personalization and security capabilities. This will provide independent software vendors and corporate developers with powerful, off-the-shelf solutions for creating personalized, transaction-oriented applications for any WAP-complaint wireless device, including Nokia's Internet-ready WAP phones. The BEA WebLogic M-Commerce Solution will be available from BEA in Q2 2000.
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