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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Greg h2o who wrote (2280)7/1/1998 10:24:00 AM
From: Dan O.  Read Replies (1) of 3067
 
Nice to see that they don't seem to be forcing deals into one qtr or the next. Looks good.

Company Press Release
SOURCE: Ross Systems, Inc.
Ross Systems Announces Agreement With Birmingham Steel
Another Key Win in the Steel Sector
ATLANTA, July 1 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS - news), a leading supplier of business software solutions for the client/server market, announced today a key agreement in the steel industry. Birmingham Steel Corporation [NYSE:BIR - news] licensed Ross' Renaissance CS(R) Enterprise Resource Planning and Supply Chain Management System. Birmingham Steel Corporation operates non- union mini-mills that produce steel and steel products on a low cost basis. Birmingham Steel Corporation operates in the mini-mill sector of the steel industry and conducts operations from facilities located across the United States. The Company specializes in producing steel reinforcing bar, merchant products SBQ (special bar quality) bar, rod and wire.

''We are very pleased to have Birmingham Steel as a customer,'' said Denies Vohs, Ross Systems' Chairman and Chief Executive Officer. ''They are a leading mini-mill steel producer. We have over 35 leading metals companies including Nucor Steel, The CMC Steel Group (Commercial Metals), Charter Steel, GST Steel, American Steel Foundries, Griffin Wheel Company, Pittsburgh Tube Corp and Ispat Sidbec Inc. We have formed an alliance with a group of these companies focused at expanding Renaissance CS to incorporate the best business practices of the steel and metal industry. We believe this partnership will allow us to continue to establish Ross Systems as the leader in ERP systems to the metals sector.''

Ross Systems, Inc. develops, markets and supports a broad range of client/server business solutions, including financials, manufacturing, maintenance, distribution, supply chain management, transportation management, materials management, and human resources applications, as well as comprehensive application development products. Ross Systems products are available for the following open systems environments: Hewlett-Packard's HP-UX; IBM's RS/6000; and Digital's Alpha architecture, Fujitsu DS-90 UNIX, Siemens Nixdorf, OpenVMS, Digital UNIX and Microsoft Windows NT support for the Intel and Alpha chips. More than 3,000 companies around the world use business solutions from Ross Systems to run their operations.

Ross Systems employs 580 professionals in offices around the world to serve its customers. Corporate headquarters are located at Two Concourse Parkway, Suite 800, Atlanta, Georgia 30328. Please visit Ross Systems' web site at www.rossinc.com.
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