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Technology Stocks : Viasoft is an excellent stock, but what about the company?

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To: damniseedemons who wrote (15)11/19/1996 1:24:00 PM
From: John Patrick   of 169
 
Might want to hold off on that short for now:

BW0136 NOV 19,1996 7:58 PACIFIC 10:58 EASTERN


( BW)(KPMG-PEAT-MARWICK) COMDEX/KPMG Peat Marwick LLP and VIASOFT
to deliver Year 2000 solutions


Business/Technology Editors


LAS VEGAS--(BUSINESS WIRE)--Nov. 19, 1996--


Firm Licenses Leading Year 2000 Technology to Help Clients

Protect Corporate IT Investments into the Next Millennium



KPMG Peat Marwick LLP today announced a joint agreement with
VIASOFT, Inc. that combines KPMG's Global 2000 professional services
with VIASOFT's technology for addressing the Year 2000 challenge.

According to the terms of the agreement, VIASOFT's Existing
Systems Workbench technology, a powerful suite of integrated software
reengineering tools, will be leveraged by KPMG's Global 2000
practice. Global 2000 is the company's service to help address the
issues associated with rapidly and cost-effectively converting or
reengineering enterprise-wide systems before the new millennium. The
agreement initially encompasses North America; other countries will
be handled on a case by case basis.

"We're pleased to work with KPMG, one of the largest professional
services firms in the industry," said VIASOFT's President and CEO,
Steven D. Whiteman. "KPMG's Global Year 2000 practice extends
beyond helping clients solve the millennium date change problem and
focuses on adding strategic and competitive value to the process as
well. This philosophy closely matches our own of helping
organizations better manage their information assets into and beyond
the Year 2000."

"KPMG is dedicated to providing clients a cost-effective and
time-efficient Year 2000 solution, and VIASOFT will play an integral
role in helping us create these services," said Dick Kearney, KPMG
partner in charge of Global Year 2000 practice. "The combination of
VIASOFT's leading-edge technology and KPMG's business and technical
experience is a powerful offering in this marketplace."

VIASOFT's Existing Systems Workbench



The agreement includes VIASOFT technology to address all three
phases of the Year 2000 problem -- impact analysis, planning, and
conversion. VIASOFT's Existing Systems Workbench (ESW) software
provides a complete framework for organizations to understand,
maintain, enhance and evolve enterprise applications. ESW will be
utilized by KPMG to help their clients meet their critical business
needs.

About VIASOFT



VIASOFT (Nasdaq NM: VIAS) is a leading provider of business
solutions, consisting of integrated technology and specialized
consulting services, designed to enable customers worldwide to cost
effectively manage and automate the evolution of their enterprise
applications. Headquartered in Phoenix, Arizona, VIASOFT provides
sales and services through regional offices in the U.S. and a
network of subsidiaries and distributors internationally. For more
information on VIASOFT's products and services, please visit the
company's World Wide Web site at viasoft.com.

About KPMG Global Year 2000 Practice

Specific KPMG Global Year 2000 services include:


-- Quick Strike Year 2000 Assessment -- This service reviews
software applications to determine the impact of dates on the systems
and provide input into a streamlined, workable process.


-- Year 2000 Stabilization -- This conversion service, offered to
clients who want Year 2000 compliant code with the least amount of
risk, shortest timeframe and best cost value, stabilizes the code
rather than providing the most complex, costly solution.


-- Test Support -- This service is for clients who are performing
the conversion tasks with internal or external resources, but require
assistance with the testing effort.


-- Independent Verification and Validation -- This service
provides an independent review of the status of the Year 2000
conversion project for clients who are doing the work internally or
using another third-party vendor.


-- Year 2000 Conversion Factory -- This service helps clients who
want to convert their portfolios off site.

About KPMG



KPMG Peat Marwick LLP is the U.S. member firm of KPMG
International, the Global Leader among professional services firms.
Worldwide, KPMG International has more than 6,000 partners and 76,000
professionals servicing clients through 1,100 offices in 837 cities
in 134 countries. In the U.S. KPMG partners and professionals
deliver a wide range of value-added consulting, assurance, tax and
process management services in five markets: financial services;
manufacturing, retailing and distribution; health care and life
sciences; information, communications and entertainment, and public
services. More information about KPMG is available on the firm's
world wide web site at kpmg.com.
-0-

Existing Systems Workbench is a trademark of VIASOFT, Inc.


--30--kk/bos*


CONTACT: The Weber Group

Stephanie Townsend/Patty Williams, 617-661-7900

stownsend@webergroup.com

pwilliam@webergroup.com

or

KPMG Peat Marwick LLP

Cristina Perkins, 305-789-2677

cperkins@kpmg.com

or

VIASOFT, Inc.

Linda Vande Vrede, 602-952-0050 x1309

linda_vande_vrede@viasoft.com


KEYWORD: NEVADA MASSACHUSETTS

INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TRADESHOW
REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473
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