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Technology Stocks : Futurelink (NASDAQ: FTRL)

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To: Al's Fun who wrote (19)	6/30/2000 2:19:20 PM
From: Brian1970	Read Replies (1) of 42

yeah, yeah. check this out: Friday June 30 1:52 PM ET Microsoft And FutureLink in Applications Venture IRVINE, Calif. (Reuters) - Software giant Microsoft Corp. (NasdaqNM:MSFT - news) said Friday it will make a $10 million equity investment in software-over-the-Internet company FutureLink Corp. (NasdaqNM:FTRL - news) and the two companies together will set up a research center in Southern California. Microsoft is looking to become more of an Internet company, and has targeted FutureLink's application service provider industry, in which software is rented or subscribed to over the Internet, as an important strategic direction. FutureLink was one of the first companies involved in hosting software applications at a central Web site for customers who pay a subscription fee to use it over the Internet. The two companies will set up a research and development lab and two sites at their respective headquarters where independent software vendors can get technical assistance and demonstrations on putting their software into a Web-hosted environment. Speak your mind Discuss this story with other people. [Start a Conversation] (Requires Yahoo! Messenger) Microsoft will use the facility to demonstrate the use of Windows 2000 Terminal Services in Web hosting. The Windows 2000 upgrade is aimed at making Microsoft a more serious competitor in the server software that runs Web sites. Philip R. Ladouceur, FutureLink chief executive officer, said the partnership will ``accelerate the trend toward subscription as a cost-effective approach to leveraging the latest business technology.'' The companies began working together last year to develop hosted Web applications using Microsoft products and the new agreement marks an expansion of the working relationship. FutureLink stock was up 3/16 at 7-13/32 on the Nasdaq market in active trading after the announcement. Microsoft was up 1-5/16 at 78-1/2.

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