Tech Master, can you give Gruder a call and ask him what those 9 new contract's are worth for October, I think a lot of us Long's would like to know and as stated before it would be great to hear that they are well known company's that are addressing their Y2K problem's.
I can not understand now that everyone know's Y2K is a MAJOR problem, that company's would want to keep it a secret that they are working on fixing their Y2K problem, you would think that they would want their shareholder's to know they are fixing their computer's?
Am I missing something here, why would they want to keep their Y2K fixing a secret?
Well here is something, keep them coming:
Friday October 30, 12:51 pm Eastern Time
Company Press Release
Year 2000 Wire/Alydaar Software
Corporation Selected to Help Guardian
Royal Exchange Swat the Millenium Bug
CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 30, 1998--Alydaar Software Corporation
(NASDAQ:ALYD - news) announced today that it will provide Guardian Royal Exchange with
an independent audit of its Year 2000 computer systems to provide further safeguards in ensuring
millenium compliance.
The audit is believed to be one of the first independent checks to be introduced by a financial
services company. Alydaar will complete this additional audit on a statistical sample of
amended Guardian Royal Exchange computer programs within the next eight weeks.
Jim Hudson, Deputy U.K. Millenium Director at Guardian Royal Exchange said, ''A stand-alone
check by a professional third-party is an extra ingredient to help ensure compliance. This step is
over and above the existing stringent test we have already undertaken and is an indication of our
commitment to our own millenium program.'' Jim Hudson continued, ''We aim to be one of the
first major financial services companies to complete a comprehensive review of our millenium
alterations. The fact that we are also having a number of the changes verified by an independent
third party should give extra satisfaction to intermediaries and customers throughout the U.K.''
Alydaar's Chairman and CEO, Robert Gruder, stated, ''We commend GRE for its industry
leadership in arranging for an independent audit of its remediated code as a further assurance of
Y2K compliance, prior to putting the code back into production. We are very pleased to have
been selected by GRE to perform the audit of its code. This contract award increases our
business from the U.K. and Europe. We presently are working on code from businesses located
in England, Ireland, France, Switzerland, and Austria.''
The Guardian Royal Exchange Group provides general, health and life insurance and related
services to over 7.5 million customers. The Group has 17,500 employees and assets of (pound)
22 billion. The six strategic business units of the Group are U.K. and Ireland; Continental
Europe; the Americas; South Africa; Asia and Group Investment Management. In the U.K., the
four principle operating divisions are General Insurance, Healthcare-PPP healthcare and
Guardian Health, Direct - Guardian Direct and RAC Insurance Direct, Life - Guardian Financial
Services and Guardian Employee Benefits.
Alydaar Software Corporation is a software re-engineering company, specializing in computer
language translation and systems migration services. Its central focus for the past two years has
been resolving the Year 2000 problem. Using SmartCode, its core re-engineering technology,
Alydaar remediates or audits most computer languages on most hardware platforms. Alydaar's
clients include Advanced Micro Devices (AMD) Northern States Power (NSP), 3M (MMM),
Nabisco (NA), DuPont (DD), Whirlpool (WHR), RJ Reynolds (RJR), and McDonnell-Douglas
(MD), among others. Alydaar also provides remediation services under a strategic alliance
agreement with Compuware Corporation (CPWR). More information about Alydaar Software
Corporation and its services can be found on the World Wide Web at alydaar.com.
Contact:
Ogilvy Public Relations, New York
Kathryn Lancioni, 212/880-5329
or
Guardian Royal Exchange
John Neville, Public Relations, 44-171-369-3954
More Quotes and News:
Alydaar Software Corp (Nasdaq:ALYD - news)
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