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Technology Stocks : Hewlett-Packard (HPQ)
HPQ 23.23+0.3%3:14 PM EST

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To: Night Writer who wrote (406)5/15/2002 11:19:32 AM
From: Night Writer  Read Replies (1) of 4345
 
HP and NEC Announce Strategic Collaboration for Open Mission-Critical Solutions
and Services

Customers to Benefit from Combined, Comprehensive System
Integration Market Offerings

PALO ALTO, Calif., and TOKYO, May 14 /PRNewswire-FirstCall/ -- HP
(NYSE: HPQ) and NEC Corporation (Nasdaq: NIPNY) today announced a strategic
collaboration to deliver large-scale, open mission-critical solutions for
targeted global industries. Through combined strengths in complex systems
integration and consulting, innovative solutions, technology and breakthrough
support capabilities, HP and NEC intend for customers to benefit from
increased agility and reliability, with reduced time to deployment, cost and
risk.
Open mission-critical solutions aim to provide 24x365 reliability while
offering speed, flexibility and cost-effectiveness that exceeds what the
traditional mainframe environment can deliver. HP and NEC have already jointly
delivered several complex mission-critical solutions in the financial and
telecommunications industries and plan to further enhance their capabilities
and strengths.
Building on their success in Japan, HP and NEC intend to jointly pursue
opportunities to market and deliver the solutions initially to a select number
of targeted U.S. financial services and a range of global Japanese companies.
HP and NEC also intend to explore broader market opportunities worldwide,
common systems integration service menus and solution centers. The companies
will leverage each other's enabling technologies, such as NEC's OpenDiosa and
HP's Utility Data Center and Integrated Service Management (ISM).
"Customers will benefit from the synergy of HP's IT infrastructure
services and outsourcing capabilities combined with NEC's market-leading
system integration and support technologies," said Ann Livermore, executive
vice president, HP Services.
"Through this collaboration today, HP and NEC target to be global leaders
in the area of enterprise systems in the post-mainframe era by providing
innovative open standard, mission-critical solutions," said Toshiro Kawamura,
company deputy president, NEC Solutions.
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