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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Bungee who wrote (6947)	9/24/1999 9:14:00 AM
From: CrazyTrain	Read Replies (1) \| Respond to of 8358

Cabletron and IBM Global Services Combine Forces to Launch Innovative, Web-Based E-Commerce Solution Business/Technology Editors ROCHESTER, N.H. AND NEWBURY, England--(BUSINESS WIRE)--Sept. 24, 1999-- New Web-Based Application Provides Fully Automated, Secure and Cost-Effective Supply Chain Management Processes Cabletron Systems (NYSE: CS) today announced a UK collaboration with IBM Global Services to launch IBM's new web-based application, designed to streamline an organization's procurement processes and enhance its overall operating efficiencies. Titled Forms Exchange, the new application, piloted by Cabletron Systems, provides users with end-to-end processing and settlement of orders and invoices online, ensuring an elimination of errors arising from duplicate data entry and providing users with a system to facilitate faster payment. With the application ready for testing, IBM Global Services approached Cabletron to be the pilot site for the solution across Europe. "We needed a supplier of stature and good technical ability that could test the application to the limits," said Pete Edwards, IBM's EMEA procurement re-engineering manager. "We were also keen to work with one who shared our e-business vision. Cabletron is an enthusiastic advocate of the ability of Internet technology to power robust, secure, mission-critical applications, so it made sense for them to pilot Forms Exchange." Working closely with IBM, Cabletron undertook a four-month pilot project with the Form Exchange web application. Having produced an immediate impact in their procurement efficiencies, Cabletron implemented IBM's solution on a more permanent basis. Henry Fiallo, Cabletron's CIO, explains, "With Forms Exchange we have streamlined what used to be a cumbersome, manual, time and paper-intensive process. This has resulted in more accurate processing of orders and invoices, and faster settlement with less administration." Fiallo continued, "We were delighted to work with IBM on an initiative that is set to revolutionize transaction processing for businesses, both large and small. Showcasing a successful e-business commercial application such as Forms Exchange shows that Cabletron believes and trusts in the technology's capability." Forms Exchange is available worldwide via IBM Global Services. About IBM Global Services IBM Global Services is the world's largest information technology services provider, with 1998 revenues of approximately $29 billion. Services is the fast growing part of IBM, with more than 130,000 professionals serving customers in 160 countries. IBM Global Services integrates IBM's broad range of capabilities - services, hardware, software and research - to help companies of all sizes to realize the full value of information technology. Fore more information visit www.ibm.com/services. For more information about IBM e-business, visit the IBM web page on the worldwide web at ibm.com. About Cabletron Cabletron Systems, a premier provider of world-class networking solutions, delivers reliable network access and communications to millions of people worldwide. With scaleable products designed for Global 1000 enterprise networks, service providers and small businesses, Cabletron is the e-business communications specialist in the Internet economy. Listed on the New York Stock Exchange for more than a decade under the symbol CS, Cabletron is an S&P 500 index company. Cabletron's web site can be reached on the Internet at cabletron.com. --30--ks/bos* CONTACT: Cabletron Systems Annmarie Dickson Tel: (603) 337- 2249 Email: Adickson@ctron.com or IBM Global Services Jane McKinnell Tel: +44 117-929-5852 Email: jane_mckinnell@uk.ibm.com KEYWORD: NEW HAMPSHIRE INTERNATIONAL EUROPE INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *

To: Bungee who wrote (6947)	9/24/1999 2:16:00 PM
From: starpopper	Respond to of 8358

Y2K issues are just beginning to be priced into this market! The correction started about a month ago and should climax over the next month or so! There are lots of jitters out there and it might be prudent to keep those six shooters in the holsters until you hear the first broker has jumped out of his Wall Street window after a blow off single day drop of 7% in the markets! The NAS was down close to 4% yesterday, but it is still up over 25% for the year...there's more to go! $weet Dream$ $tar.