Thanks, Bijon. I was hoping to elicit a response. I thought the information Dennis Murphy provided from the prospectus was interesting. But aside from his quotation, there has been absolutely no adequate criticism with respect to LIOX competition.
Thanks very much. I look forward to your response.
PS: Given no one's done this yet, here's the news of yesterday:
go2net.newsalert.com
Lionbridge Lands Contract With Cisco
Systems
PR Newswire - September 28, 1999 13:31
Estimated $9 Million Agreement Reinforces Lionbridge Leadership In
Multilingual Internet Services
WALTHAM, Mass., Sept. 28 /PRNewswire/ -- Lionbridge Technologies,
Inc. (Nasdaq: LIOX), a provider of multilingual Internet services to global
technology businesses, today announced a three-year services agreement
with Cisco Systems Inc. (Nasdaq: CSCO), the worldwide leader in
networking for the Internet. Lionbridge estimates that this agreement will
be worth approximately $9 million over the three year term. Under the
agreement, Lionbridge will provide a solution for creating and maintaining
multiple language versions of Cisco's Web sites and will streamline the
localization process.
Cisco is the world's largest Internet commerce site, selling more than $32
million in products every day. To sell and support its products in over 100
countries, Cisco must keep massive amounts of Web content fully up to
date in the local languages of its global customers. Lionbridge will
implement its proprietary LionTrack Enterprise(TM) workflow system to
identify changes to English language content and route them through its
global infrastructure of translators, engineers and Web-publishing
specialists. This outsourcing program will allow Cisco to release its product
information, online technical support, and courseware so that global
customers will have Internet access to constantly updated information.
The program will include the localization of Cisco's Networking Academy
Program, a technology education curriculum that is offered in fifty
countries. Cisco's Networking Academy program has over 2,700
academies worldwide and is one example of how Cisco is leveraging the
Internet to provide Web-based courseware and programs. Lionbridge will
localize Cisco's Networking Academy curricula into seven languages,
eventually scaling to 15 languages.
"We developed LionTrack Enterprise specifically to handle the hundreds of
daily changes typical of large, dynamic Web sites for eCommerce,
eSupport and eLearning," said Rory Cowan, president and CEO of
Lionbridge. "The success of this new system is based on the integration of
engineering, language, and project management expertise with Lionbridge's
global infrastructure."
About LionTrack
The LionTrack System is an automated workflow process designed to
manage a high volume of continuous multilingual changes to Web-based
knowledge bases. It is made up of Java-developed workflow and Oracle
database software running on a large Unix enterprise server. The system
identifies and extracts new and modified files and routes them through
translation memory software and to the appropriate translation resources,
based on priority, language and workload. Translated content is then
validated by the customer's in-country support personnel and submitted
back to the knowledge base.
About Lionbridge Technologies
Lionbridge Technologies provides testing, localization, internationalization
and other globalization and multilingual Internet services to the world's
leading technology companies, including Cisco, IBM, Microsoft, Motorola,
Novell, Oracle, and Sun Microsystems. Lionbridge's multilingual eRelease,
eSupport, eLearning and eCommerce services are based on its Rapid
Globalization Methodology(TM). The Rapid Globalization
Methodology(TM) integrates engineering, linguistics, testing, and project
management with automated workflow management to enable
simultaneous worldwide release, via the Internet, of products as well as
related customer support, training, and marketing materials. Based in
Waltham, Massachusetts, Lionbridge maintains facilities in Ireland, The
Netherlands, France, China, Korea and Japan. To learn more, visit
lionbridge.com.
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements include the estimated
$9 million value of the agreement with Cisco and those regarding current or
future financial performance, management's plans and objectives for future
operations, as well as statements regarding the strategy and plans of
Lionbridge. The forward-looking statements contained in this press release
include any statements containing the words "expects," "anticipates,"
"estimates," "believes," "may," "will," "should" and similar expressions, and
the negatives thereof. Lionbridge's actual experience may differ materially
from that discussed in the forward-looking statement. Factors that might
cause such a difference include the termination of customer contracts prior
to the end of their term, including the termination of the Cisco agreement
prior to the end of its three year term; Lionbridge's dependence on clients'
product releases to generate revenues; the loss of a major client; risks
associated with management of growth; market acceptance of new service
offerings; the failure to keep pace with the rapidly changing requirements
of its clients; Lionbridge's ability to attract and retain key personnel;
Lionbridge being held liable for defects or errors in its solutions; political,
economic and business fluctuations in international markets; as well as risks
of downturns in economic conditions generally, and in the information
technology and software industries specifically, and risks associated with
competition, and, competitive pricing pressures. For a more detailed
description of the risk factors associated with Lionbridge, please refer to
Lionbridge's Registration Statement on Form S-1 on file with the Securities
and Exchange Commission.
SOURCE Lionbridge Technologies, Inc.
/CONTACT: Cathy Maloney, Director of Corporate Communications of
Lionbridge Technologies, 781-434-6010, or
cathy_maloney@lionbridge.com/
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