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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: bob who wrote (12365)7/15/1998 10:30:00 AM
From: bob  Read Replies (1) of 13949
 

Alydaar Announces Year 2000 Alliance Agreement With Grumman
Systems Support Corporation

CHARLOTTE, N.C., July 15 /PRNewswire/ -- Alydaar Software Corporation
(Nasdaq: ALYD) announced today that it has entered into a business alliance
agreement to provide Year 2000 services with Grumman Systems Support
Corporation (GSSC), a subsidiary of Northrop Grumman Corporation (NYSE:NOC).
Under the agreement, Alydaar's software code remediation and compliance audit
services will be available to commercial customers as part of GSSC's Year 2000
Solutions offering portfolio, which also includes assessment, remediation,
testing assistance and program management services. Alydaar will perform
remediation and compliance audit services at the company's software
remediation factory in Charlotte, North Carolina.
Robert Gruder, Alydaar's Chairman and CEO, stated, "I am delighted that
GSSC has selected Alydaar to assist it in providing a full range of Year 2000
services. We believe that we can add value through our speed and accuracy in
remediating code in multiple languages and multiple dialects."
Eugene Lowe, Director of Client Solutions for GSSC, said, "Our Year 2000
methodology is based on a 'best-of-breed' partnering approach. We believe that
remediation is best supported by specialized software factories. We have
selected Alydaar as a business partner because it offers efficient remediation
services for a variety of languages and platforms. Alydaar's compliance audit
services also address a growing customer need and complement our existing Year
2000 Solutions."
GSSC, headquartered in Bohemia, NY, is a nationwide information technology
services company that specializes in commercial solutions integration and
multivendor support services. GSSC's Year 2000 Solutions make use of Northrop
Grumman's ITAA-certified Year 2000 methodology that combines industry-best
practices, best of breed partners, automated tools and an experienced staff.
More information about GSSC can be found on the World Wide Web at
northrop-grumman.com
Alydaar Software Corporation is a software re-engineering company,
specializing in providing services to resolve the Year 2000 problem, as well
as computer language translation and systems migration services. Using
SmartCode(R), its core re-engineering technology, Alydaar can remediate most
computer languages on most hardware platforms. More information about Alydaar
Software Corporation and its services can be found on the World Wide Web at
alydaar.com.

SOURCE Alydaar Software Corporation
Web Site: alydaar.com
CONTACT: Thomas Dudchik, Alydaar Software Corporation,
704-365-2324
Web Site: northrop-grumman.com
Company News On Call: prnewswire.com or fax,
800-758-5804, ext. 124139
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