To: Nietzsche who wrote (97329 ) 9/17/1999 12:07:00 PM From: DanielleC Respond to of 119973
Time to accumulate this one for sure! BMC to launch e-business strategy in October BOSTON, Sept 16 (Reuters) - BMC Software Inc. <BMCS.O> next month will unveil an electronic commerce strategy to ensure the reliability of online systems for banks, insurers and retailers, the company's top executive said on Thursday. "We'll have a big launch of our e-commerce, e-business strategy and deliverables in October," Max Watson, BMC's chairman, president and CEO, said in a presentation on the final day of a week-long S.G. Cowen technology conference. The Houston-based company makes software that helps corporations manage their information technology systems. Watson's mention of "deliverables" refers to software products and their scheduled release dates. "As companies web-ify, or web-enable traditional systems, we think that plays to our sweet-spot," Watson said. The company's e-commerce strategy will be focused on heavy transaction processors like banks, insurers and retailers. "It's all about availability. We've trademarked the term 'e-vailability' -- that's what it's all about," he said of the availability of backup computer systems in the event of any individual computer failure. He declined to comment further on the electronic commerce plans ahead of the October announcement Watson also said following his presentation that he is comfortable with the consensus earnings forecast for the company's fiscal second quarter of 43 cents per share, according to survey of brokers compiled by Thomson Financial/First Call. BMC is expected to report earnings the week of Oct. 15. In addition, Watson said BMC, which has made a handful of recent acquisitions, is well-positioned to make further deals in excess of $100 million. 17:02 09-16-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.