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Technology Stocks : Gensym GNSM starting to move!

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To: JPM who wrote (35)11/3/1996 9:02:00 PM
From: Pete Johnson   of 141
 
CAMBRIDGE, MASS. (Nov. 1) BUSINESS WIRE -Nov. 1, 1996--Gensym Corp.
(NASDAQ: GNSM), a leading provider of software products and services for
creating intelligent systems, today introduced Fault Expert, a new
software product for intelligent fault management of distributed
networks.

"Fault Expert adds a layer of intelligence to traditional network
management platforms, such as HP OpenView or IBM NetView, to predict and
manage faults and minimize costly downtime," said Lowell Hawkinson,
Gensym chairman and CEO. "It is a particularly appropriate solution for
large, strategic distributed networks. These large data networks, or
combined voice and data networks, can be found in many industries. Our
current Fault Expert customers include AT&T, Motorola-IRIDIUM project,
and a major financial services organization."

Fault Expert provides intelligent fault management of distributed
client/server environments. It can detect and filter events from any
object within a distributed environment including network devices and
equipment, operating system components, or even applications. Then,
using sophisticated rules and procedures, Fault Expert correlates and
analyzes the faults, advises operators of probable root causes, and
initiates automated corrective actions.

Fault Expert is expected to be commercially available in spring 1997 on
a variety of platforms including HP-UX, Sun Solaris, IBM AIX, and
Windows NT.

Based in Cambridge, Mass., Gensym Corp. is a leading supplier of
software products and services for developing and deploying intelligent
systems. Solutions built with Gensym software address the complex,
dynamic application problems found in industrial, scientific, commercial,
and government organizations. Gensym has sold more than 7,000 product
licenses to organizations in more than 40 countries worldwide. Founded
in 1986, Gensym has 26 offices around the world. Visit Gensym on line
at gensym.com. -0- This document contains certain
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1965. Such forward-looking
statements are subject to risks and uncertainties, which could cause
actuals results to differ materially from those anticipated. Such risks
and uncertainties include, but are not limited to, fluctuations in
customer demand, intensity of competition from other solutions vendors,
timing and acceptance of new products, and general economic and industry
conditions, as well as other risks detailed in the Company's
Registration Statement on Form S-1 and periodic filings with the SEC.
Gensym Corporation assumes no obligation to update the information
contained in this press release. Color photography is available. G2
and Gensym are registered trademarks and Fault Expert is a trademark of
Gensym Corp. All other trade names contained herein are the property of
their respective owners.

--30--ek/bos*
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