NETM up big time to 7 11/16 on news below. Nasdaq is down 88!
Tuesday January 4, 11:00 am Eastern Time
Company Press Release
SOURCE: NetManage, Inc.
NetManage and ICL Sign Agreement for Wireless, Mobile Systems Software
CUPERTINO, Calif., Jan. 4 /PRNewswire/ -- NetManage®, Inc. (Nasdaq: NETM - news), announced today it has signed a worldwide agreement with ICL, a $4.4 billion global IT services company, to incorporate new infrastructure connectivity software with ICL's Fujitsu TeamPad(TM) 7100 family of handheld computers. The agreement extends ICL's end-to-end solutions for wireless environments such as retail, route accounting and inventory management. Financial terms were not disclosed.
ICL's Handheld Systems group, which distributes Fujitsu handheld systems in the United States, United Kingdom and Europe, now includes NetManage Inc.'s PC/TCP Network v5.0, one of the most popular TCP/IP software products for systems running DOS on handheld systems. The software enables PCs to share files and printers, access remote applications, share resources and run distributed applications in shared Windows, Unix, AS/400 and mainframe environments.
''This announcement is an additional milestone in our refocused initiative in the eBusiness market. NetManage has teamed with ICL, in extending the reach of the wireless devices into corporate information systems,'' said Zvi Alon, president and CEO of NetManage. ''The new wireless devices enable ICL customers to extend the reach of their internal information systems by exposing the information to a large number of handheld devices providing an infrastructure for eCommerce.''
''This agreement gives users of handheld computers in wireless environments a way to easily integrate and connect among their other technologies,'' said Ron Omohundro, senior vice president and general manager of ICL's Handheld Systems group. ''We are offering the NetManage Inc. TCP/IP stack with TeamPad 7100 handhelds to help users easily integrate with existing networking technologies, be it mainframe, client/server or both.''
About NetManage
NetManage, Inc. (Nasdaq: NETM - news), founded in 1990, provides its customers with solutions and services that enable an easy migration to eBusiness, extending the use of the current installed information infrastructure. Its eAccess Group is the leading single source for Web-to-Host connections via Java or ActiveX, and for server-based thin-client and thick-client software, connecting desktop PCs to UNIX, IBM AS/400 and mainframe computers. NetManage's eSolutions Group is a leading provider of proven enterprise-level eBusiness solutions for customer and distributor self-service. NetManage's eSupport product line includes a new standard in real-time, Internet-based customer support tools that dramatically reduce the time required to solve problems. NetManage sells and services products worldwide through its direct sales force, international subsidiaries and authorized channel partners. For more information, connect to www.netmanage.com, send e-mail to pr@netmanage.com, or call 978.685.4000 (Eastern Time) or 408.973.7171 (Pacific Time).
About ICL's Handheld Systems Group
ICL's Handheld Systems Group is Fujitsu's exclusive North American distributor of handheld systems. The group offers handheld computer solutions that help customers gain measurable advantages in the marketplace. The group offers durable, lightweight, power-efficient and mobile solutions that seamlessly integrate into operations in the retail, route accounting, transportation, health care, inventory management, order entry and warehousing market sectors. Based in La Jolla, Calif., ICL's Handheld Systems group sells direct and via value-added resellers.
Web site: www.iclhandheld.com
About ICL
ICL is a global IT services company. It designs, builds and operates information systems and services for customers in the retail, finance, government, telecommunications, utilities and travel markets. The company has operations in over 40 countries and employs over 22,000 people.
Transformed from a manufacturer of computers, today ICL improves business performance and competitiveness through services focused on electronic business, enterprise applications and the implementation and outsourcing of IT infrastructure.
For the 12 months to March 31, 1999, the company's revenues were $4,458.4* billion (2.735 billion British Pounds) which generated a profit before tax and exceptional charges of $105.1* million (64.5 million British Pounds). Headquartered in London, ICL is a wholly owned subsidiary of Fujitsu and plans to float on the London Stock Exchange in 2000.
ICL's Web site: www.icl.com
NetManage, the NetManage logo, the lizard-in-the-box logo, eN2000, ViewNow, SupportNow and Simware are either trademarks or registered trademarks of NetManage, Inc. and/or its subsidiaries in the United States and other countries. All other trademarks are the property of their respective owners.
SOURCE: NetManage, Inc.
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