'BusinessWeek' Names BEA CEO Bill Coleman One of the 'Most Influential People in e-Business'
e.biz 25 Notes Coleman's Leadership in Creating the World's #1 Java Application Server and Fastest Software Company Ever to Reach $1 Billion Revenue Run Rate
SAN JOSE, Calif., May 8, 2001 /PRNewswire via COMTEX/ -- BEA Systems, Inc. (Nasdaq: BEAS chart, msgs), one of the world's leading e-business infrastructure software companies, today announced that Founder, Chairman and CEO Bill Coleman has been recognized as one of "the most influential people in e-business" in the 'BusinessWeek' e.biz 25, to be published May 14, 2001.
"These are the pioneers, the people with the new ideas, the out-of-box thinkers, and the survivors -- especially the survivors -- who will shape e-business for years to come," notes the article, which is titled "25 Leaders for a Dangerous Time." Coleman was selected as a leader in the Architect category, along with Microsoft President Rick Belluzzo, Sun Microsystems Chairman and CEO Scott McNealy, FCC Chairman Michael Powell and Nokia President Pekka Ala-Pietila. Coleman and the rest of the e.biz 25 were selected based on their leadership, successful track records, history of innovation, and bold approach to the future.
"While other e-business software companies . . . are struggling, BEA is strutting its stuff," the article states. "That's because it makes the crucial software tools corporations need to quickly and efficiently build large and complex e-business applications. It handles everything from e-commerce Web sites to managing supply chains. 'BEA has the chance to be the next great software company,' says Sun Microsystems Inc. (Nasdaq: SUNW chart, msgs) President Edward J. Zander."
A related 'BusinessWeek' "Online Extra" story published in the same issue, titled, "BEA Systems: An Oracle in the Making?," indicates that even in this volatile time BEA leads the application server market. The article notes that while BEA's second-place rival in this market -- IBM - -is a formidable competitor, it has failed to catch up because "IBM's software isn't integrated like BEA's. 'IBM has good software pieces, but it's hard to put them all together,' says (analyst firm) Lazard (Freres)' (Erick) Brethenoux."
"We are honored that 'BusinessWeek' recognizes BEA as one of the elite leaders in e-business," Coleman said. "While our feet are firmly planted in the reality of the times, our eyes have always been, and continue to be, on the future. We take great pride in developing products and services to help future-proof e-business and look forward to continuing to provide the operating system for the Internet in the form of the BEA WebLogic E-Business Platform."
BEA's listing in the e.biz 25 follows on the heels of a number of other recent corporate awards including the 'Fortune' e-50 Index, the 'eCompany' 40, the Jolt Productivity Award for BEA WebLogic Server(TM) and Intelligent Enterprise's list of "Hot Companies to Watch."
More information about 'BusinessWeek's' e.biz 25 can be found on the Web at businessweek.com
About BEA
BEA Systems, Inc. is one of the world's leading e-business infrastructure software companies, with more than 9,400 customers around the world including the majority of the Fortune Global 500. BEA and its WebLogic(R) brand are among the most trusted names in e-business. Businesses built on the award-winning BEA WebLogic E-Business Platform(TM) are reliable, highly scalable, and poised to bring new services to market quickly. BEA's e-business platform is the de facto standard for more than 1,500 systems integrators, independent software vendors (ISVs) and application service providers (ASPs) to provide complete solutions that fast-track and future-proof e-businesses for high growth and profitability. Headquartered in San Jose, Calif., BEA has 93 offices in 30 countries and is on the Web at www.bea.com. Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including: the statement regarding BEA strutting its stuff; the quote regarding BEA having the chance to be the next great software company and the title of the BusinessWeek article "BEA Systems: An Oracle in the Making?" Actual results could differ materially from those expressed in these forward- looking statements. Risks and uncertainties BEA faces that could cause results to differ materially include risks associated with: any adverse effect on our sales, or pricing, caused by any decline in corporate information technology spending that could result from an actual or perceived slow down in the US economy; the downturn in certain sectors of the e-business industry addressed by our products (such as telecommunications companies, ASPs, or Internet retailers); any slowdown in the global economy, particularly in Japan or Europe; the introduction by competitors of new or improved products; future pricing changes by competitors, particularly those in response to increased competition resulting from an economic slowdown; any decisions by software or hardware vendors to bundle with their products competitive with ours; any difficulties in attracting and retaining sales personnel with the requisite qualifications; any strategic actions taken by our competitors that could constrain our ability to partner with systems integrators; and any technological changes in the market for e-business infrastructure solutions which could render our solutions less competitive. Readers should also refer to the risk disclosures set forth under the heading "Factors that May Impact Future Operating Results" and elsewhere in BEA's 10-Q for the quarter ended October 31, 2000 as filed with the SEC and subsequent reports filed thereafter from time-to-time with the SEC. The forward-looking statements contained in this release are made as of the date hereof, and BEA does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.
NOTE: BEA, Tuxedo, WebLogic, BEA WebLogic Server, BEA WebLogic Commerce Server, BEA WebLogic Personalization Server, BEA WebLogic Process Integrator, BEA WebLogic M-Commerce Solution, BEA WebLogic Collaborate, and BEA WebLogic E-Business Platform are trademarks or registered trademarks of BEA Systems, Inc. All other company and product names may be trademarks of the company with which they are associated.
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Source: BEA Systems, Inc.
Contact:
Angie Trah of BEA Systems, Inc., 408-570-8354, or
angie.trah@bea.com
URL: businessweek.com
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