Anyone interested in actually what TPII does and the market potential for TPII in the near future, and not what the price is doing now should read this article I ran across. Talks briefly about the market opportunities for the transformation of "legacy" systems beyond the year 2000. TPII seems to have a product/service that is for real, as evidenced by the article regarding Peugeot!! They have management and seems that if they capitalize on the marketing and selling of their product this stock could be a keeper!!
Re: the price: Seems the mm's have a hold of this stock. This can be very dangerous for the short term trader, or at the same time very rewarding, at least there is a market for TPII. I feel that as soon as a revenue generating announcement is released or a marketing alliance announcement that will "positively" generate revenue faster than originally anticipated, the stock will do exceptionally well!! Does anyone have any idea when the company will release financial date? Data that gives us an idea on how much capital the company will need. The article below said that Informix invested 2.5 million into this transformation company(Reasoning Inc). If TPII needed that much, I wouldn't mind having them dilute the current shareholders by 2.5 million shares if they will prosper afterward!!
Just my thoughts for now,
Matt
Read about the transformation market potential:
Monday January 20 9:01 AM EDT
Tandem Computer Founder James Treybig Joins Reasoning
Will Build Major Transformation Software Company
Treybig Brings New Capital and Management to Silicon Valley Firm to Address Year
2000 Problem, Other Key Transformation Issues
PALO ALTO, Calif., Jan. 20 /PRNewswire/ -- James G. Treybig, legendary founder and former CEO of Tandem
Computers, has been named Chairman of Reasoning, Inc., the Silicon Valley transformation software company. Treybig
brings new capital and management to Reasoning to take advantage of the rapidly growing market for advanced
technologies and services that help companies transform large-scale legacy software applications. The company plans to
expand its existing transformation software product line to offer new solutions that address the year 2000 problem and
other legacy application issues.
Reasoning's market thrust is backed by an initial infusion of $2.5 million in new capital from Informix Software and
venture capital firms Aspen Ventures and Novus Ventures.
"Reasoning stands at the forefront of one of the largest market opportunities in enterprise computing," Treybig said.
"Most leading corporations and institutions face an imminent and well-documented threat from the year 2000 problem.
Yet, the transformation software issues confronting these organizations go well beyond the year 2000. The need to
transform applications to new platforms and maintain software code is huge. Businesses, government agencies and
universities must find effective ways to protect the applications and code that are one of their most important corporate
assets. Reasoning possesses unique technologies and expertise to provide solutions to these issues."
Reasoning's new management team brings years of experience in enterprise applications. The new management includes
CEO and President, David M. Jones, formerly Vice President and General Manager of Tandem's Americas Computer
division. Dr. Timothy Chou, previously Vice President at Oracle Corporation responsible for Oracle Universal Server on
UNIX and NT, has joined Reasoning as Senior Vice President of Development. Steve Angelo, formerly Vice President
of Enterprise Marketing at Apple Computer, is Reasoning's Vice President for Marketing and Channel Development.
Thomas H. Doyle, previously Director of North American Sales Operations at Tandem, is Vice President of Sales. Dr.
Cordell Green, a world-renowned computer scientist and Reasoning's founder, continues as Chief Technology Officer
and Director.
Reasoning was founded in 1984 as a software company specializing in the development of advanced computer
languages, with computer scientists from Stanford University. Since that time, Reasoning has emerged as a leading
transformation software technology developer and provider of solutions to the year 2000 problem. Reasoning has
developed an array of reengineering software, analytical tools, and services for analyzing, maintaining and transforming
mission-critical applications at Global 2000 companies, as well as government agencies, universities and research
institutes around the world. Current clients include more than 200 of the Fortune 1000 companies, including market
leaders in aerospace, computers, and manufacturing.
Reasoning pioneered the development of a transformation software environment it calls Reasoning5 Codebase
Management System (CBMS). This comprehensive solution is designed to capture software in a form that allows
automated analysis and transformation. Language gateways and transformation plug-ins such as Reasoning's MVS
Cobol Year 2000 Transform Plug-In are integrated with the CBMS to provide an automated solution for analysis,
remediation, and transformation of code.
Said CEO Jones, "With the new infusion of funding and talent, we are able to pursue a dominant market position in the
field of codebase management systems and services. We will build on our worldwide network of system integrators and
partners in the field of computer consulting services to bring our Year 2000 and other transformation software solutions
to market quickly. And we have assembled our own sales organization to supplement the strategic alliances already in
place -- and to deliver our solutions to companies and industries that are just coming to grips with the issues of code
management and Year 2000 conversion."
Customers and developers are convinced that Reasoning offers the most advanced transformation software solutions
available. David Fischer, formerly with the Department of Commerce's National Institute of Standards and Technology,
said: "Reasoning is technically one of the very best reengineering companies in the world."
Formal Systems, Inc. (FSI), located in Fredericton, Canada, a leading provider of software reengineering services,
including Year 2000 conversion services, used the Reasoning5 CBMS to build its NXL2000 Year 2000 Natural
language transformation software solution. According to Frank Driscoll, President of Formal Systems, "Reasoning
technology offers by far the most advanced environment for building transformation software and Year 2000 solutions in
particular. Using NXL2000, FSI has processed over 50 million lines of Natural for Year 2000 impact analysis for a
variety of financial and government organizations. We now have another 30 million lines of source code under contract
for full Year 2000 remediation." Formal Systems is a world leader in the market for transforming Natural language code
to be Year 2000 compliant.
The Market Opportunity
Today, more than one trillion lines of code run large-scale computer systems at organizations around the world. As a
result of years of manual data entry, platform changes, and turnover in internal information technology departments,
these systems are growing more complex -- and more fragile. Today's business demands increase the need for more
sophisticated software analysis and transformation technology. For many companies, the year 2000 has raised this issue
to new heights within the organization.
The approach of the year 2000 transition increases the risk to vital systems and information. Because years were entered
as two digits instead of four to save space in early data processing systems, computers and software applications are
unable to read a "00" entry. The effects range from obscure errors in embedded data to complete system shutdowns. The
scale of potential problems and the market for solutions are enormous. The Gartner Group estimates that software
solutions to the year 2000 problem will require a $300-$600 billion investment -- roughly $10 million on average for a
large firm. Pilot projects predict that to date, 90 percent of software code is potentially affected by Year 2000 defects.
However, indications are that less than a third of businesses and institutions with large internal systems have started to
address the problem.
Reasoning's solutions to the year 2000 problem consist of systematic, automated analysis and remediation of mission
critical software applications. The automated transformation environment increases efficiency and reduces the costs and
risks inherent in manual or text-based tools. And the comprehensive CBMS solution prepares systems for year 2000
compliance as well as future transformations to different applications and environments.
"As corporations struggle with the maintenance and conversion of databases built with different languages and
platforms, executives are coming to appreciate the critical importance of software code to business performance," said
Phillip E. White, president and CEO of Informix Software. "We are convinced that Reasoning's grasp of the large-scale
IT market, as well as its transformation solutions and methodology, represent the right answer to the issues of
maintaining and migrating important intellectual assets in the form of corporate data."
Treybig, a Silicon Valley legend, left Hewlett Packard in 1972 for the venture capital firm of Kleiner & Perkins (now
Kleiner, Perkins, Caulfield & Byers) to develop the business plan for a startup called Tandem Computers. He founded
Tandem as President and CEO in 1974 and brought the company public in 1976. Over the next two decades, Tandem
became one of the fastest-growing public companies in the world. When Tandem achieved a $1 billion in revenues in
1987, Business Week recognized the company as one of America's 50 best-managed organizations. Today, the firm is a
$2 billion organization employing some 8,500 people worldwide.
During his term at Tandem, Treybig received numerous honors, including Entrepreneur of the Year awards from both
Harvard Business School and Stanford University Graduate School of Business and an Excellence in Management
award from Industry Week magazine. In 1995, Treybig returned to his venture capital roots, joining Austin Ventures,
Austin, TX. A graduate of Rice University, Treybig has an MBA from Stanford's Graduate School of Business. He is a
Director of Silicon Graphics, the California Chamber of Commerce, and the Listed Company Advisory Committee of the
New York Stock Exchange.
Jones, Reasoning's CEO and President, held a variety of executive sales, service, and marketing positions over a
15-year career at Tandem. Before joining Tandem, he worked at Honeywell Corporation in finance and senior
administrative roles, and participated in the launch of Honeywell's entry into the general-purpose computer market.
Jones graduated from Miami University of Ohio and attended executive education programs at Stanford and Duke
University.
Chou joined Reasoning from Oracle Corporation, where, as Vice President, Server Products Group, he was responsible
for delivering Oracle Enterprise Server, Oracle Workgroup Server and the Oracle Universal Server on UNIX and NT.
Chou holds a PhD in Computer Engineering from the University of Illinois and has taught computer science at Stanford
University for the last 15 years.
Steven Angelo moved to Reasoning from Apple Computer, Inc., where he was Vice President of Enterprise Marketing.
At Apple, Angelo led a number of key initiatives including the global accounts program, channel development, and
strategic partnering. Angelo previously worked for Wang Laboratories for six years in various field sales and
management positions. Angelo received his BA in Political Science and Economics from Columbia University in New
York and has attended computer science and MBA curriculum at UCLA and Stanford University.
Thomas H. Doyle joined Reasoning from Tandem Computers, where he was director of North American Sales
Operations. In his 12 years at Tandem, Doyle held numerous sales and management positions. Prior to joining Tandem,
Mr. Doyle participated in the start-up operations and initial channel development with Fortune Systems. Mr. Doyle
obtained a BS in Finance from the University of Missouri.
Dr. Cordell Green was a founder of Reasoning in 1984 and currently serves as Chief Technology Officer. Dr. Green is
also Director and Chief Scientist of Kestrel Institute, which he founded in 1981 and where he leads research in
automated software design and analysis tools. Dr. Green is currently a lecturer in computer science at Stanford. Among
his many distinguished accomplishments, Dr. Green received the Grace Hopper Award in 1985 for establishing the
foundations of Logic Programming. Dr. Green received his BA and BS from Rice University in 1963 and 1964, and
received his MS and PhD in Electrical Engineering from Stanford University in 1965 and 1969. SOURCE Reasoning
Inc. |
