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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: treetopflier who wrote (566)8/26/1998 9:54:00 AM
From: JakeStraw   of 2477
 
BEA and SELECT Software Tools Announce
Agreement

Cooperation For Easier Enterprise Application Development

IRVINE, Calif.--(BUSINESS WIRE)--Aug. 26, 1998--BEA Systems Inc. (Nasdaq:BEAS - news) and SELECT Software
Tools (Nasdaq:SLCTY - news) Wednesday announced an agreement to help facilitate the close integration of SELECT's
component based development toolset, SELECT Component Factory(TM) (SCF) with BEA's cross-platform middleware
product, BEA TUXEDO(R) and Object Transaction Manager, BEA M3(TM).

''This agreement demonstrates the importance BEA places on working cooperatively with the software development tools
industry,'' said Alfred Chuang, executive vice president of product development and chief technology officer for BEA.

''We believe SELECT is a key player for BEA in component-based development products. By integrating BEA and SELECT
products together we help smooth the business application development process for our joint customers to facilitate the
creation of reliable and highly scalable business systems.''

''As component-based technology, including middleware, has entered the mainstream, ease of development has become a
more critical issue,'' said Stuart Frost, chairman and chief executive officer for SELECT.

''Customers expect to realize the benefits of higher application maintainability and software reuse to lower overall development
costs and increase the ability to react to new business conditions. We believe the integration of the SELECT and BEA product
families is a large step toward realizing these goals.''

SELECT plans to soon release a new version of its SELECT Enterprise(R) modeling toolset for users of BEA TUXEDO and
BEA M3, as announced at the BEA M3 launch June 2. SELECT Enterprise for BEA(R) will enable the automatic generation
of calls into BEA TUXEDO and BEA M3 environments from the SELECT Enterprise modeling environment.

Together, SELECT and BEA's complementary technologies allow customers to design and run applications in a robust and
reliable execution environment that scales well to meet changing user needs.

About BEA TUXEDO

BEA TUXEDO is the most widely deployed transactional middleware for building high-performance and reliable distributed
applications in heterogeneous environments. With BEA TUXEDO, developers can successfully develop, manage, and deploy
transactional applications completely independent of the underlying communications, hardware and database environment.

About BEA M3

BEA M3 is the first and only generally available production-ready Object Transaction Manager (OTM), the next generation of
middleware that can serve as a scalable, mission-critical application platform, answering the need for the safe development and
deployment of component-based applications in the enterprise.

BEA M3 is standards-based, providing maximum flexibility and easy interoperability with other applications. Customers will be
able to use the Common Object Request Broker Architecture (CORBA) standard and Enterprise JavaBeans (EJB) as
component models for C++ and Java-based development within BEA M3. BEA M3 also supports clients that use Microsoft's
ActiveX and COM-based technologies.

About SELECT Enterprise

SELECT Enterprise is taking the lead in a new generation of modeling tools, offering UML support, multi-tier architecture and
round-trip code generation. SELECT Enterprise is the only modeling toolset that also offers integrated business process
modeling, component management and an enterprise-scale repository.

This means models and components can be catalogued, stored and re-used across a project, enterprise or the Web. SELECT
Enterprise is the cornerstone of SELECT Component Factory (SCF) -- an integrated product suite focused on enabling the
rapid development of component-based systems that meet evolving business needs.

About SELECT Component Factory

SELECT Component Factory (SCF) helps organizations successfully implement a supplier/consumer model of
component-based development (CBD). Component suppliers can access and leverage existing IT assets and build new
components. Component consumers can assemble applications from pre-supplied components.

Providing the communication between suppliers and consumers is SELECT's unique component management capability. Using
SCF enables the rapid development of component-based systems that meet evolving business needs.

About BEA Systems

BEA Systems is a leading provider of cross-platform middleware solutions for enterprise applications. BEA's products and
services enable mission-critical, distributed applications that work seamlessly in client/server, Internet and legacy environments.
BEA provides transactional, messaging and distributed object-based software for developing and deploying these enterprise
applications.

In addition to its product line, BEA provides complete solutions through its extensive partner network, and a full range of
services including consulting, training and support.

BEA has headquarters in Sunnyvale, Calif., and 50 offices in 24 countries around the globe. The company's common stock
trades on the Nasdaq National Market under the symbol ''BEAS.'' Additional information on BEA is available on the Internet
at beasys.com.

About SELECT Software Tools

SELECT Software Tools provides a business-driven solution to organizations adopting component-based development.
SELECT's product line, SELECT Component Factory (SCF), helps meet evolving business needs by integrating software,
services and a model-driven approach to distributed component-based development.

SCF enables the rapid development of flexible and scalable business applications at lower overall cost and reduced risk.
Founded in 1988, SELECT has direct operations in North America, Europe and Australia and distributors covering 35
countries throughout the world.

Additional information on SCF, including SELECT Enterprise, SELECT SE(TM), SELECT Component Manager(TM) and
SELECT's component wrapping tools, can be found by visiting SELECT's home page at selectst.com, or
contacting SELECT Software Tools in the United States at 714/477-4100, in the United Kingdom at +44 (0)1242 229700, in
Germany at +49 (0)221 9151 840 or in Australia at +61(0)2 9926 1366.

Legal Notice Regarding Forward-Looking Statements

Statements in this news release which are not purely historical are forward-looking statements, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include but
are not limited to statements regarding the release, functionality and marketing of the SELECT Synchronizer product. All
forward-looking statements included in this release are made as of the date hereof, based on information available to BEA as
of the date hereof, and BEA assumes no obligation to update any forward-looking statement. It is important to note that actual
outcomes could differ materially from those in such forward-looking statements. Factors that could cause actual outcomes to
differ materially include risks and uncertainties, such as unforeseen technological difficulties related to the integration of the
SELECT toolset products with BEA's TUXEDO and M3 products and unforeseen shifts or declines in the markets for code
generator products such as SELECT Synchronizer. Readers should also refer to the risk disclosures outlined in BEA's annual
report on Form 10-KSB for the year ended Jan. 31, 1998, BEA's Registration Statement (No. 333-29961) filed in
connection with its July 1997 follow-on offering and BEA's quarterly reports on Form 10-Q filed from time-to-time with the
SEC.

Note to Editors: BEA is a registered trademark of BEA Systems Inc. BEA TUXEDO is a registered trademark in the U.S.
and other countries. BEA M3 is a trademark of BEA Systems Inc. SELECT Enterprise is a registered trademark of SELECT
Software Tools. SELECT Component Factory, SELECT SE and SELECT Component Manager are trademarks of SELECT
Software Tools. All other product and company names are trademarks of their respective owners.

Contact:

SELECT Software Tools
Julie M. Bassett, 949/477-4100
julieb@selectst.com
Web site: www.selectst.com
or
Samluk Communications Inc.
Donna Samluk, 925/736-8166
dsamluk@samluk.com
or
BEA Systems Inc.
Angie Rodriguez, 408/542-4354
angie.rodriguez@beasys.com
or
Burson-Marsteller
Pamela Sufi, 650/287-4010
pamela_sufi@bm.com
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